SAMHK launches the first REITs ETF in Hong Kong
Samsung Asset Management (Hong Kong) Limited (SAMHK) has announced the listing of Samsung S&P High Dividend APAC ex NZ REITs ETF (HKD Counter: 3187.HK / USD Counter: 9187.HK), the first ever REITs ETF on the Stock Exchange of Hong Kong.
Tracking the performance of the S&P High Yield Asia Pacific-Ex New Zealand REITs Select Index, the ETF sets its listing price at USD2.5 (approximately HKD20) with an initial investment of approximately USD500 (HKD3,900) for a board lot size of 200 fund units, SAMHK said in a press release.
Dividend is payable semi-annually from 2021 in USD at the Manager’s discretion. The underlying index comprises 30 REITs listed in developed markets across Asia Pacific including Singapore, Hong Kong, Australia and Japan, with total market capitalisation of approximately USD71,941.17 million and the indicative dividend yield of the underlying index at 5.73%.
Jaekyu Bae, CIO and Deputy CEO, Samsung Asset Management, said: “Over the past decade, REITs have developed into an important force in Asia Pacific’s booming property market. In 2019, APAC REITs raised a record-breaking amount of capital at over USD14 billion. The listing of Samsung S&P High Dividend APAC ex NZ REITs ETF is the evidence of SAMHK’s firm commitment in bringing broad, timely and relevant investment options to global ETF investors.”
Robin Lo, Managing Director and Head of APAC, S&P Dow Jones Indices, said: “We are pleased to have licensed the S&P High Yield Asia Pacific-Ex New Zealand REITs Select Index to SAMHK to serve as the basis for the first REITs ETF in Hong Kong. We look forward to having more collaborations in the future with SAMHK, one of Asia’s leading financial institutions.”