Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Monday, May 24 2021 - 19:00
SAMHK announces the listing of the first FANG+ ETF in Hong Kong
HONG KONG, May 24, 2021/PRNewswire-AsiaNet/--

Samsung Asset Management (Hong Kong) Limited ("SAMHK") today announces the 
listing of Samsung NYSE FANG+ ETF (HKD counter: 2814.HK / USD counter: 9814.HK) 
- the first ever FANG+ ETF in Hong Kong - on the Stock Exchange of Hong Kong on 
25 May 2021. Currently comprised of 10 leading US-listed tech giants, the ETF 
sets its initial price at about USD2.5 (or about HKD20) per ETF unit with an 
initial investment amount of approximately USD500 (or about HKD3,900) for a 
board lot size of 200 ETF units. 

The ETF is aiming to track fast-growing US-listed technology stocks at a lower 
cost, such as Facebook, Apple, Amazon, Alphabet (Google), Netflix, Alibaba, 
Baidu and Tesla, etc. As of 30 April 2021, the underlying index increased by 
91.09%* over the past year, significantly outperforming the Hang Seng Index, 
S&P 500 and Nasdaq Index. 

The ETF will be trading in the Hong Kong time zone with HKD and USD counters, 
providing a convenient and effective tool for Asia-based investors to diversify 
risks. The constituent companies feature revenue exposure in a broad variety of 
technology areas including search, social networking, autonomous driving, 
electric vehicles, smartphones, mobile payments, e-commerce, online games, 
streaming media, online entertainment, cryptocurrencies and blockchain, big 
data, artificial intelligence, machine learning, digital advertising, cloud 
services and other innovative technologies.

Mr. Jaekyu Bae, CIO and Deputy CEO at Samsung Asset Management said that, "We 
aim at providing Hong Kong investors a wide array of global and regional ETFs. 
Our technology ETF suite of Samsung NYSE FANG+ ETF and the existing Samsung CSI 
China Dragon Internet ETF (2812.HK) cover most of the tech giants listed in 
China and the US, providing investors with diversified choices and forming a 
complementary and complete product series."

*Source: Bloomberg, as of 30 April 2021

ETF Details:

Stock Codes: HKD counter: 2814.HK / USD counter: 9814.HK
Initial Investment Amount: Approximately HK$3,900 / US$500
Trade Lot: 200 units
Management Fee: 0.65% p.a.
Underlying Index: NYSE(R) FANG+(TM) Index
Product Website: 

About Samsung Asset Management (Hong Kong) Limited

SAMHK 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)Limited