coindesk.com
Four major South Korean asset management funds have listed metaverse-related exchange traded funds (ETFs), the first in the country, The Korea Herald reported Wednesday.
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KB Asset Management kicked off KBSTAR iSelect Metaverse, a passive fund that will follow metaverse-related indexes. KB follows the iSelect Metaverse Index, inclusion to which is determined by factors such as a company’s industry exposure, sales linkage and future growth potential.
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NH Amundi Asset Management launched Hanaro Fn K-Metaverse MZ, a passive fund. NH scored metaverse-related keywords to pick its top 20 stocks, and added 10 consumer-goods industry stocks. NH excluded automobile companies in its selection process.
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Mirae Asset Global Investment’s metaverse product, Tiger Fn Metaverse ETF, benchmarks FnGuide’s metaverse index, which follows about 20 companies.
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Samsung Asset’s Management actively manages its KODEX K-Metaverse Active ETF.
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Samsung and Mirae Asset, which released lists of the companies included in their funds, shows a strong focus on the entertainment and gaming industries.
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Samsung’s Metaverse ETF comprises Hybe, Naver, Krafton, Peal Abyss and JContentree.
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Mirae Asset’s list included Naver, LG Innotek, Hybe, JYP Entertainment and YG Entertainment.
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Hybe, established in 2005, represents the popular boy band BTS.
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Krafton and Peal Abyss among Samsung’s metaverse fund, are South Korea’s leading video game makers.