Samsung Asset Management announced the opening of Samsung Asia Pacific ex NZ Metaverse Theme ETF, the first active APAC metaverse theme ETF.
The Hong Kong Stock Exchange is scheduled to open the listing on July 7, 2022. The listing price for the ETF is HKD15, with a board lot size of 50 units, at a cost of HK$750 per lot. The ETF, whose annual management costs will be 0.85 percent, is anticipated to be the first global APACblockchain ETF in Asia.
“A simple instrument that can help investors investing in Metaverse related industries in APAC ex NZ,” according to Samsung, describes the new ETF. The categories that will be taken into consideration, according to the business, may include but not be limited to augmented reality/virtual reality, artificial intelligence, social media, online gaming, digital transactions, devices, platforms, and content.
The corporation has not yet made a formal declaration regarding the specifics of its top 10 holdings
The metaverse is a virtual world developed with the use of the modern internet and 3D technology to replicate, recreate, or improve physical reality Blockchain, augmented reality, and virtual reality are the technologies used in the metaverse.
The metaverse market may reach US$783.3 billion in 2024, with a CAGR of 13.1 percent after 2020, according to Gartner. As the Metaverse industry is in a stage of rapid expansion, 3172.HK, an actively managed portfolio, may seize the investment opportunity quickly.
Additionally, Samsung has announced that it is thinking of listing some of Amplify’s other flagship ETFs in the Korean and international markets. The Korean investment firm disclosed that it is considering listing the Amplify CWP Enhanced Dividend Income ETF in either Hong Kong or Korea.
A blockchain technology ETF was previously introduced by the organization last Friday in Hong Kong. It is the first active global technology ETF that tracks different cryptocurrency companies. Among its top 10 holdings are IBM, the cryptocurrency banking organization Silvergate, and CME Group, a US-listed exchange that provides bitcoin futures contracts.