Abstract：In July, Samsung Asset Management (Hong Kong) Limited ("SAMHK") announced the launch of the first APAC metaverse theme active ETF, branded Samsung Asia Pacific ex NZ Metaverse Theme ETF, in Hong Kong (Exchange Ticker: 3172.HK).
In July, Samsung Asset Management (Hong Kong) Limited (“SAMHK”) announced the launch of the first APAC metaverse theme active ETF, branded Samsung Asia Pacific ex NZ Metaverse Theme ETF, in Hong Kong (Exchange Ticker: 3172.HK).
The listing is scheduled to go live on the Hong Kong Stock Exchange on July 7, 2022. (“SEHK”). The ETF's listing price is HKD15, with a board lot size of 50 units and a price per lot of HK$750. The ETF is projected to be Asia's first global APACblockchain ETF, with management fees of 0.85 percent per year.
The new ETF, according to Samsung, is “a simple tool that can let investors invest in Metaverse related businesses in APAC ex NZ.” The categories that will be evaluated, according to the business, may include, but are not limited to, augmented reality/virtual reality, artificial intelligence, social media, online gaming, digital transactions, devices, platforms, and content.
As of yet, the corporation has not made an official declaration about its top ten holdings.
The metaverse is a virtual realm produced by the modern internet that uses 3D technologies to mimic, duplicate, or augment physical reality. Virtual reality, blockchain, and augmented reality are among the technologies used in the metaverse.
According to Gartner, the metaverse industry might be worth $783.3 billion in 2024, with a 13.1 percent CAGR since 2020.
Because the Metaverse business is still in its early stages, 3172.HK, as an actively managed portfolio, may seize the investment opportunity in a “time to market” way.
Samsung has also announced that it is considering listing Amplify's other flagship ETFs in the Korean and international markets. The Korean investment firm stated that it is considering listing the Amplify CWP Enhanced Dividend Income ETF in Korea or Hong Kong.
Previously, last Friday (June 23), the group launched another blockchain technology ETF in Hong Kong (Stock code: 3171.HK), which is the first global technology active ETF, monitoring various crypto enterprises. Its top ten holdings include CME Business, a US-listed exchange that offers bitcoin futures contracts, Silvergate, a cryptocurrency banking group, and IBM.
Samsung has demonstrated its growing interest in the crypto realm with the unveiling of its new top phone, the Galaxy S22 Ultra, according to Blockchain.News.
The S22 Ultra is integrated with a crypto wallet, and users will be able to keep ID documentation and keys in digital format, according to the South Korean electronics business.
The additional capabilities of the S22 Ultra will be available later this year, initially in South Korea and then globally, according to the electronics behemoth.
Other aspects of the new digital ID feature include the ability to save documentation such as national IDs, driver's licenses, digital debit and credit cards, and digital keys for residences and cars.
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