Samsung Asset Management (Hong Kong) Limited’s FANG+ ETF Launch

Simmons & Simmons advised Samsung Asset Management (Hong Kong) Limited (SAMHK).

Samsung Asset Management launched Samsung NYSE FANG+ ETF (the “ETF”), the first ever FANG+ ETF in Hong Kong. It was listed today on the Stock Exchange of Hong Kong (“SEHK”) and currently comprises 10 leading US-listed technology and tech-enabled companies. 

This is the latest sub-fund of the Samsung ETFs Trust, an umbrella unit trust that was set up by Simmons & Simmons in January 2015. 

The objective of the sub-fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the NYSE® FANG+™ Index. The Index is an equally weighted index designed to track the performance of highly-traded growth stocks of technology and tech-enabled companies, media & communications and consumer discretionary sectors such as Facebook, Apple, Amazon, Netflix and Alphabet’s Google amongst others.

Eva Chan (Picture), Simmons partner, led on the deal.

Involved fees earner: Eva Chan – Simmons & Simmons;

Law Firms: Simmons & Simmons;

Clients: Samsung Asset Management;

Author: Sonia Carcano