Samsung Asset Management (Hong Kong) Limited (SAMHK) is set to launch an exchange-traded fund (ETF) tracking 10 leading US-listed tech giants in Hong Kong.  The Samsung NYSE FANG+ ETF will be officially listed on the Stock Exchange of Hong Kong on May 25.

The ETF aims to track fast-growing US-listed technology stocks at a lower cost, such as Facebook, Apple, Amazon, Alphabet (Google), Netflix, Alibaba, Baidu and Tesla. It will be trading in the Hong Kong time zone with Hong Kong dollar (2814.HK ) and US dollar (9814.HK) counters, offering a convenient and effective tool for Asia-based investors to diversify risk.

As of April 30 2021 the underlying index jumped by 91.09% in one year, significantly outperforming the Hang Seng, S&P 500 and Nasdaq indices.

Samsung CSI China Dragon Internet ETF (2812.HK), an existing product of SAMHK that invests in new economy stocks, is currently tracking approximately 30 of the largest Chinese internet companies listed in the United States, Hong Kong 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 the US, providing investors with diversified choices and forming a complementary and complete product series.