Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Monday, June 27 2022 - 11:04
AsiaNet
Samsung Asset Management (Hong Kong) is launching the first APAC ex NZ Metaverse Active ETF in Hong Kong
HONG KONG, June 27, 2022 /PRNewswire-AsiaNet/ --

Samsung Asset Management (Hong Kong) Limited ("SAMHK") announced the launch of 
Samsung Asia Pacific ex NZ Metaverse Theme ETF (stock code: 3172.HK), the first 
APAC Metaverse theme active ETF in Hong Kong*. The listing date will be on 7 
July 2022 (Thursday), on the Stock Exchange of Hong Kong ("SEHK"). The ETF sets 
the listing price at HKD15, board lot size of 50 units, price per lot is at 
around HKD750.

Metaverse enhances the Internet experience; simply refers to a virtual space 
created with the new internet using 3D technologies to imitate, simulate or 
enhance physical reality by technologies, i.e. virtual reality, blockchain and 
augmented reality technologies. It also enables synchronous interactions with 
extensive volume of digital data transactions and information sharing, thus 
facilitating increased interconnectedness between physical and digital 
activities. The Metaverse market may reach USD783.3 Billion in 2024 with a CAGR 
of 13.1% since 2020**. Enterprises in China, Korea and Japan spearhead the 
adoption of Metaverse as part of their business development, thus a huge 
potential on the growth of Metaverse business in Asia Pacific region. As 
Metaverse business is in a vast and rapid developing stage, 3172.HK as an 
actively managed portfolio can grasp the investment opportunity in a "time to 
market" manner.

Carmen Cheung, Head of ETF and Passive Investment said "Metaverse is a 
disruptive technology revolutionize on how we interact on the internet, 
enhancing our experience on lifestyle, work, education, socialise, virtual 
travel to a location and even buy/sell real estate etc., through 
three-dimensional avatars that can be controlled by a VR related device. 
3172.HK ETF bring investors a diversified portfolio to invest Metaverse related 
business across Asia Pacific (ex NZ) Equities.

*Source: Bloomberg, as of 16 June 2022

**Source: Gartner, as of 28 January 2022

ETF Information:

Stock Codes                 HKD Counter: 3172.HK
Initial Investment Amount   HKD750
Trade Lot                   50
Management Fee              0.85% p.a.
Investment Strategy         Actively Managed
Product Website             https://bit.ly/3xNuZFo 

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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