Samsung Asset Management Launches Semiconductor Equity ETF Underpinned by Bloomberg Indices

Asia’s first global semiconductor ETF for investors seeking to trade a representative basket of semiconductor firms listed globally during Hong Kong hours

 

Hong Kong – Bloomberg today announced that Samsung Asset Management (Hong Kong) Limited (“Samsung Asset Management (Hong Kong) ”), Korea’s leading investment services provider, has selected Bloomberg’s index solutions to support its semiconductor equity ETF listing in Hong Kong. The Samsung Bloomberg Global Semiconductor ETF with stock code 3132 HK, being listed by Samsung Asset Management (Hong Kong), provides investors the opportunity to trade a basket of equities representing the global semiconductor supply chain, during Hong Kong market opening hours.

 

Carmen Cheung, Managing Director, Head of ETF & Passive Investment, Samsung Asset Management (Hong Kong) Limited, said, “We are excited to be launching our first semiconductor equity ETF with Bloomberg in Hong Kong. With the expected on-going semiconductor shortage affecting many parts of the global supply chain, from foundries to integrated device managers, investors have been looking for a more representative global semiconductor supply chain ETF that can be traded during Asia market hours. Backed by Bloomberg’s growing equity index solutions and world-class product support, we are able to bring our ETF to the market efficiently and meet investors’ immediate needs.”

 

Mr. Jaekyu Bae, CIO and Deputy CEO at Samsung Asset Management Co., Ltd, added, “We are proud to be partnering with Bloomberg as we grow our equity ETF offerings in the region. As investor demand for passive investments increases, we want to be ready to capitalise on thematic trends that present immediate investment opportunities. Bloomberg’s equity index products and solutions provide the ideal technology platform to quickly grow this part of our business.”

 

Bloomberg recently announced the expansion of its global equity index range, including emerging market country benchmarks, sector, and thematic index capabilities. Bloomberg supports ETF providers globally with advanced index capabilities, based on its trusted data, global distribution, and fully integrated investment workflow solutions.

 

“We are pleased to be working with Samsung Asset Management on this compelling new equity ETF, building upon our newly launched comprehensive world equity index offering.” said Ji Zhuang, Bloomberg’s APAC Head of Indices. “We endeavour to provide unique and cost-effective index solutions that are fully integrated with Bloomberg’s world-class data, technology and distribution channels, enabling our clients to focus on capturing fast evolving regional and global investment trends and opportunities.”

 

Through Bloomberg’s growing equity capabilities and acquisition of the Bloomberg Commodity Index (BCOM) in 2020, Bloomberg is also able to offer a full spectrum of multi-asset offerings for investors. Standard and alt-weighted asset-allocation benchmarks can now combine equity, fixed income, FX, commodities, and crypto. Bloomberg ESG indices will offer exposure to proprietary and third-party ESG scores. Bloomberg Terminal users have full access to Bloomberg’s index families at IN <GO> and PORT <GO>.

 

Bloomberg Index Services Limited (BISL), a Financial Conduct Authority (“FCA”) authorized benchmark administrator and subsidiary of Bloomberg, is licensing equity indices for use as financial benchmarks.  For more information, see BloombergIndices.com.

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About Samsung Asset Management (Hong Kong)

Samsung Asset Management (Hong Kong) Limited (“SAMHK”) is a limited liability company incorporated in Hong Kong on 1 November 2007. The company is principally engaged in asset management and securities investment advisory services in Hong Kong. SAMHK obtained its licenses from the SFC on 23 April 2008 to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities with CE Number AQG442. The company is a wholly-owned subsidiary of Samsung Asset Management Co., Ltd. (“SAM”). Being a member of the Samsung Group of companies, SAM is the leading asset manager in Korea, with US$259 billion in Assets Under Management (as of 31 July 2021).

 

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

 

Media Contact

 

Samsung Asset Management

Terrence Ling, terrence.ling@samsung.com, +852 2115 6326

 

Bloomberg

Robert Koh, rkoh22@bloomberg.net, +852-2977-2101