Samsung Asset Management (Hong Kong) Limited (SAMHK) said on Friday that it has started marketing the first global semiconductor ETF in Asia.
The Samsung Bloomberg Global Semiconductor ETF tracks the Bloomberg Global Semiconductor Top 20 Index, which comprises a total market capitalisation of approximately $3.43trn. The tracking index increased by 44.41% for the 12-months to 30 September 2021, according to SAMHK.
The ETF will be officially listed on the Stock Exchange of Hong Kong on 9 November 2021. Its listing price will be $2 (HK$15.6) with an initial investment of approximately $200 (HK$1,560) f r a board lot size of 100 fund units.
On listing day, Samsung Bloomberg Global Semiconductor ETF will directly capture leading semiconductor companies listed in seven markets, including South Korea, Taiwan, Japan, US, France, the Netherlands and Germany
Their revenue is derived from semiconductor business, covering both upstream and downstream of the entire industrial chain. It will include companies such as Nvidia, TSMC, ASML, Samsung Electronics and Intel.
“The ETF will trade in the Hong Kong time zone, which facilitates Asian investors to invest in leading companies in the global semiconductor market with a relatively low threshold, while diversifying investment risks,” said SAMHK.
The product is launched under the Samsung ETFs Trust umbrella, which also covers the Samsung NYSE Fang+ ETF which came to market in May this year. The ETF aims to track fast-growing US-listed technology stocks such as Facebook, Apple, Amazon, Alphabet, Netflix, Alibaba, Baidu and Tesla,
SAMHK is mainly engaged in asset management and securities investment advisory services in Hong Kong. It holds licenses from the Securities and Futures Commission to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities.