Shatner May Have Conquered Space, but 4 South Korean ETFs Beat Him to the Metaverse
One fund is actively managed; the other three follow metaverse-related indexes.
Oct 14, 2021 at 7:15 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BNJMISMNW5FY7EGYUSYQPGXLBU.jpg)
Metaverse gaming world
Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
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.
- KB Asset Management kicked off KBSTAR iSelect Metaverse, a passive fund that will follow indexes related to the metaverse, which is virtual space that can be shared by many people. KB follows the iSelect Metaverse Index, inclusion to which is determined by factors such as a company’s industry exposure and future growth potential.
- 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.
Read more: A Crypto Guide to the Metaverse
- Mirae Asset Global Investment’s metaverse product, Tiger Fn Metaverse ETF, has FnGuide’s metaverse index as its benchmark. That index fund follows about 20 companies.
- Samsung Asset Management actively manages its KODEX K-Metaverse Active ETF.
- Samsung and Mirae Asset, which released lists of the companies included in their funds. The list reveals a focus on the entertainment and gaming industries.
- Samsung’s Metaverse ETF comprises Hybe, Naver, Krafton, Peal Abyss and JContentree.
- Mirae Asset’s list included Naver, LG Innotek, Hybe, JYP Entertainment and YG Entertainment.
- Hybe, established in 2005, represents the popular boy band BTS.
- Krafton and Peal Abyss, which are in Samsung’s metaverse fund, are South Korea’s leading video game makers.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/9PgithnnELo2sduJqntbvg1dzfE=/arc-photo-coindesk/arc2-prod/public/NFYMYP6EV5CI5FKX73N7QKCYR4.png)
Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/IZGN2WIYH5FRHMLEYLNOOAVPK4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SGXZZU6C55AR5CDWXTKWBCQJRY.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YPDWX5XYKRFYJDHGVL27WJUTXA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PHPECKRVDZGKNOFVGABKJ6XE2I.jpg)