Samsung Asset Management (Hong Kong) is launching the first Blockchain Technologies ETF in Asia

Samsung Asset Management (Hong Kong) Ltd.

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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