Samsung Asset Management (SAMHK), a Hong Kong-based subsidiary of Samsung’s investment arm, is launching a blockchain-themed exchange-traded fund (ETF). SAMHK announced on Thursday that the firm aims to debut its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23. ETF to Generate Long-Term Capital Growth According to the fund prospectus, the ETF aims to generate long-term capital growth by investing in stocks of companies actively involved in developing and implementing blockchain technologies. The fund will put its money into blockchain-related research and development companies, data suppliers, industry investment businesses, and other companies. SAMHK’s portfolio management staff will oversee the ETF’s composition, weeding out companies with “small market capitalization or low trading volume.” According to the company, the Samsung Blockchain Technologies ETF is a sub-fund of the Samsung ETFs Trust, a Hong Kong-based umbrella unit trust. First-Ever Global Blockchain-Related ETF SAMHK describes the new investment product as the first-ever global blockchain-related ETF in Hong Kong and Asia, according to the announcement. SAMHK’s head of ETF, Carmen Cheung, noted the growing demand for blockchain-based applications and predicted the industry’s future growth, saying: “The demand of data processing and storage will expedite with the evolution of our digital world. Blockchain technologies will further ...
Will Ethereum Price crash More Next week??
