Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, June 09 2022 - 19:30
AsiaNet
Samsung Asset Management (Hong Kong) is launching the first Blockchain Technologies ETF in Asia
HONG KONG, June 9, 2022 /PRNewswire-AsiaNet/ --

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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