Samsung Asset Management Hong Kong has launched an exchange-traded fund (ETF) providing targeted exposure to high-yielding real estate investment trusts (REITs) trading in the Asia-Pacific. The deal is a first for a Hong Kong-listed ETF that invests in a portfolio of REITS.
Simmons & Simmons advised Samsung on the establishment of the ETF, application for the Hong Kong Securities and Futures Commission’s authorization, and the Stock Exchange of Hong Kong Limited’s listing approval of the ETF. The firm’s team was led by partner Eva Chan, and assisted by associates Louise Ma and Emily To.
“The launch of the first Hong Kong ETF that invests in a portfolio of REITs is a significant landmark and adds to the list of firsts that the Simmons & Simmons team has had the pleasure of working on in the ETF space in Hong Kong,” said Chan. “This launch bolsters Hong Kong’s status as Asia’s ETF hub, and we are delighted to have worked with Samsung on an innovative investment product such as this.”