Over the last several months. I’ve made a joke about “retiring” from fighting games. I’ve done this mostly facetiously. But deep down inside I’ve been losing my passion for this. And over the past…
Samsung Asset Management (Hong Kong) Limited (“SAMHK”), which Exchange Ticker: 3172.HK, announced to launch the first APAC metaverse theme active ETF in Hong Kong with the announcement of Samsung Asia Pacific ex NZ Metaverse Theme ETF.
The listing is set to 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.
Yet, no official announcement for the details of its top 10holdings though.
The metaverse is a virtual space created with the new internet using 3D technologies to imitate, simulate or enhance physical reality by technologies. The technologies involved in the metaverse are virtual reality, blockchain and augmented reality.
According to Gartner, the metaverse market may reach US$783.3 billion in 2024 with a CAGR of 13.1% since 2020.
As Metaverse business is in a vast and rapid developing stage, 3172.HK as an actively managed portfolio can grasp the investment opportunity in a “time to market” manner.
Samsung has also further stated that it is considering plans to list Amplify’s some other flagship ETFs in the Korean and overseas markets. The Korean investment company revealed that it is assessing a way to list Amplify CWP Enhanced Dividend Income ETF, in Korea or Hong Kong.
The South Korean electronics company announced that the S22 Ultra is equipped with a crypto wallet and users would also be able to store ID documentation and keys in digital format.
The electronics giant said that the new features in S22 Ultra are set to release later in the year first in South Korea before expanding globally.
Additional features that come with the new digital ID feature include storing documentation such as national IDs, driver’s licenses, digital debits and credit cards, and digital keys for houses and cars.
Image source: Shutterstock
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