Samsung Asset Management (Hong Kong) is launching the first Blockchain Technologies ETF in Asia
PR96365
HONG KONG, June 9, 2022 /PRNewswire=KYODO JBN/ --
Samsung Asset Management (Hong Kong) Limited ("SAMHK") announced the launch of
Samsung Blockchain Technologies ETF (HKD counter: 3171.HK), the first ever
global blockchain related ETF in Asia*. The listing date will be on 23 June
2022 (Thursday), on the Stock Exchange of Hong Kong ("SEHK"). The ETF sets the
listing price at USD2.0 (approximately HKD15.6) with an initial investment of
approximately USD100 (approximately HKD780) for a board lot size of 50 units.
The ETF will be trading in HKD.
A blockchain refers to a peer-to-peer shared, distributed digital ledger which
aids the transfer of information and property between users in a relatively
efficient and secure way. Comparing to traditional data storage, blockchain
technologies have the merit of enhanced security, greater transparency and
reduced cost of transaction. Market Size of blockchain is expected to grow from
USD4.9Billion to USD227.9Billion in 2028, with a CAGR of 72.9%**. Blockchain
has the potential to hold the data as much as 10% of the world's GDP equivalent
value by 2027***. As blockchain technologies are evolving in a fast pace,
actively managed ETF allows portfolio manager to grasp the investment
opportunity with a higher degree of flexibility. The ETF will invest in global
blockchain related companies such as developers with R&D, beneficiaries and
investors.
Carmen Cheung, Head of ETF and Passive Investment said "The demand of data
processing and storage will expedite with the evolution of our digital world.
Blockchain technologies will further be widely used for different businesses to
improve data efficiency, security and shorten the accessibility time. We see
this as one of the future trends on digital transformation."
*Source: Bloomberg, as of 9 Jun 2022
**Source: Insight Parnters, as of 11 Feb 2022
***Source: World Economic Forum, 23 Oct 2020
ETF Information:
Stock Codes
HKD Counter: 3171.HK
Initial Investment Amount
Approximately HKD780 / USD100
Trade Lot
50
Management Fee
0.85% p.a.
Investment Strategy
Actively Managed
Product Website
https://samsungetfhk.com/product/3171/
For details, please refer to the product web site:
Product web site: https://www.samsungetfhk.com/zh/product/3171
About Samsung Asset Management (Hong Kong) Limited
Samsung Asset Management (Hong Kong) Limited is principally engaged in asset
management and securities investment advisory services in Hong Kong. It holds
licenses from the SFC to conduct Type 4 (advising on securities) and Type 9
(asset management) regulated activities.
SOURCE: Samsung Asset Management (Hong Kong) Ltd.
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