Leading healthcare fund manager RA Capital launches biotech ETFs
The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).
- The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).
- This fund is composed of what RA Capital has termed "core" development-stage biotech companies held by at least one biotech specialist peer fund.
- "What's long been missing from the menu of biotech ETFs is a fund constructed strictly based on borrowed conviction," said Peter Kolchinsky, a virologist and Managing Partner of the firm.
- For those who think that specialists have it wrong, RA Capital is also launching the RA Peripheral Portfolio, which will trade under the symbol RAPP.