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Samsung Asset Management to launch blockchain ETF in Hong Kong

June 10, 2022
Source: honestcolumnist.com honestcolumnist.com
News Snapshot:
[Crypto currency] Samsung Asset Management to launch blockchain ETF in Hong Kong Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF). The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK [announced](//en.prnasia.com/releases/apac/samsung-asset-management-hong-kong-is-launching-the-first-blockchain-technologies-etf-in-asia-364486.shtml?utm_source=apacprnj&utm_medium=email) on Thursday. The ETF seeks to achieve long-term capital growth by investing in stocks of companies actively involved in the development and adoption of blockchain technologies, the fund prospectus [reads](//www.samsungetfhk.com/wp-content/uploads/Samsung-ETFs-Trust-Prospectus-20220609.pdf) . The fund will invest in blockchain-related research and development firms, data providers, industry investment...
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