Samsung Asset Management (Hong Kong) Limited has announced the introduction of the Samsung Asia Pacific ex NZ Metaverse Theme ETF (stock code: 3172. HK), Hong Kong’s first APAC Metaverse theme active ETF*.
The stock exchange in Hong Kong will list the company on July 7, 2022. The ETF’s listing price is set at HKD15, with a board lot size of 50 units and a price per lot of roughly HKD750.
The new ETF, according to Samsung, is “a simple instrument that may let investors invest in Metaverse related businesses in APAC ex NZ.” The areas that will be evaluated, according to the business, may include, but are not limited to virtual reality, digital transactions, devices, augmented reality, artificial intelligence, social media, online gaming, platforms, and content.
“Metaverse is a disruptive technology that is revolutionizing how we communicate on the internet, enhancing our experience on lifestyle, work, education, socialize, virtual travel to a location, and even buy/sell real estate, etc., through three-dimensional avatars which a VR related device can control,” said Carmen Cheung, Head of ETF and Passive Investment. 3172.
The HK ETF provides investors with a diverse portfolio to engage in Metaverse-related businesses across the Asia Pacific (excluding New Zealand) Equities.
Because the Metaverse company is still in its early stages, 3172, as an actively managed portfolio, HK may seize the opportunity to invest in a “time to market” way.
Samsung has also announced that it is considering listing Amplify’s other major 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, on June 23, the firm established another blockchain-based ETF in Hong Kong (Stock code: 3171.HK), which is the first worldwide technology active ETF, monitoring different types of cryptocurrency enterprises. Its top ten holdings include CME Business, a US-listed exchange that sells bitcoin futures contracts, Silvergate, a cryptocurrency banking group, and IBM.
With the debut of its latest top phone, the Galaxy S22 Ultra, Samsung has demonstrated its increased engagement in the crypto area.
The S22 Ultra is integrated with a crypto wallet, and users will be able to keep ID paperwork and keys in digital format, according to the South Korean electronics business. They stated that the additional features in S22 Ultra would be available later this year, initially in South Korea and then internationally.
Other aspects of the new digital ID feature include saving paperwork such as national IDs, driver’s licenses, digital debit and credit cards, and digital keys for residences and automobiles.
Author: Ritik Joshi
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