Samsung Asset Management (Hong Kong) Limited (“SAMHK”) announced the launch of the first APAC metaverse theme active ETF. The launch would take place in Hong Kong in July, titled Samsung Asia Pacific ex NZ Metaverse Theme ETF (Exchange Ticker: 3172. HK).
According to reports, the listing will go live on July 7, 2022, 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 HK$750.
The ETF is expected to be the first global APACblockchain ETF in Asia, whose management fees will be charged 0.85% per annum.
Samsung made it known that the the new ETF is “a simple tool that can help investors investing in Metaverse related industries in APAC ex NZ.
The categories that might be considered include virtual reality, artificial intelligence, and social media. Others include online gaming, digital transactions, devices, platforms and content.
The metaverse is a virtual space created with the new internet using 3D technologies. It is used to imitate, simulate or enhance physical reality by technologies.
Metaverse technologies are in virtual reality, blockchain and augmented reality.