Hong Kong

SAMHK to launch the first FANG+ ETF in Hong Kong

Samsung Asset Management (Hong Kong) Limited (SAMHK) has announced that it will launch Samsung NYSE FANG+ ETF (HKD counter: 2814.HK / USD counter: 9814.HK), the first ever FANG+ ETF in Hong Kong.

Currently comprised of 10 leading US-listed tech giants, the ETF will be officially listed on May 25, 2021 (Tuesday) on the Stock Exchange of Hong Kong (SEHK), SAMHK said in a press release.

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. 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 risk. As of April 30, 2021, the underlying index increased by 91.09%* for one year, significantly outperforming the Hang Seng Index, S&P 500 and Nasdaq Index.

Samsung CSI China Dragon Internet ETF (2812.HK), an existing product of SAMHK that invests in new economy stocks, is currently tracking approximately 30 largest global listed Chinese internet companies across US, HK and Mainland China; while the newly-launched Samsung NYSE FANG+ ETF focuses on the ten leading US-listed tech giants. Both ETFs cover most of the listed tech giants in China and US, providing investors with diversified choices and forming a complementary and complete product series.