ETF tracking 30 Asia REITs set for launch

Business | 9 Oct 2020 7:26 pm

Samsung Asset Management (Hong Kong) will launch the Samsung S&P High Dividend APAC ex NZ REITs ETF, at US$2.5 (HK$19.5) per share.

The underlying REITs hold diversified assets from office and apartment buildings to hotels, warehouses, hospitals, shopping centers, as well as parking lots in Asia Pacific, except New Zealand.

It tracks REITs including 12 in Japan, eight in Australia, eight in Singapore and one in Hong Kong, which is Fortune Real Estate Investment Trust (0778) according to the product information.

The ETF will debut next Thursday under the ticker 3187. The minimum investment would be US$500 for a board lot of 200 units. The management fee is 0.65 percent of net asset value per annum, and the total expense ratio is expected to be 1.5 percent.

The tracking difference would be around 1.5 percent, the issuer said. There will be semi-annual dividends subject to the ETF manager’s discretion, according to the issuer.


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