CSOP Metaverse Concept ETF to list on HKEX

CSOP Metaverse Concept ETF(3034.HK) (Graphic: Business Wire)

KUALA LUMPUR, Feb 18 -- CSOP Asset Management Limited (CSOP) is honoured to announce the listing of CSOP Metaverse Concept ETF (stock ticker: 3034.HK) on the Hong Kong Stock Exchange (HKEX).

As Hong Kong’s first Metaverse ETF, 3034.HK will adopt an active management strategy mainly investing in U.S. listed companies, relating to the Metaverse business, to achieve its investment objective.

With listing price at around HKD 7.8 per unit, trading lot of 100 shares and annual management fee of 0.99 per cent, CSOP Metaverse Concept ETF will start to trade on Feb 21, 2022.

According to a statement, upon inception, CSOP Metaverse Concept ETF (stock ticker: 3034.HK) has received around US$9 million initial investment. (US$1 = RM4.184)

Deputy Chief Executive Officer, Melody He said: “As the latest and one of the most important members of the CSOP thematic ETF series, CSOP Metaverse Concept ETF is our bold attempt at something new and futuristic, providing our investors with state-of-the-art investment opportunities.

“We are optimistic about future thematic investments and firmly believe that adding CSOP Metaverse Concept ETF to our product line will further fulfill all of our investors’ investment needs.”

The Metaverse is best understood as the next iteration of the Internet. Technology giants are investing massive resources into the Metaverse industry.

Adopting an actively managed investment strategy, 3034.HK primarily invests in companies, which are directly or indirectly involved in the use of innovative technology to offer products or services which contribute to the development of the Metaverse.

CSOP has been a pioneer in portraying a smarter, healthier and greener future by bringing a series of future-themed ETFs to global investors. The launch of CSOP Metaverse Concept ETF will further broaden the CSOP thematic ETF spectrum, bringing it to the next level.

-- BERNAMA