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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.

Metaverse gaming world
Metaverse gaming world

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

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  • 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.

Greg Ahlstrand

Originally from California, I've been Asia-based since 1999, headquartered in Hong Kong and Jakarta and traveling throughout the Asean countries, Japan, Korea, the Chinese mainland and Taiwan for stories. Made Australia a couple of times, too. I started my journalism career as a news assistant at the Fresno Bee in Central California while studying the subject in school after the Navy. I went from launching and recovering helicopters on flight decks at sea to recovering papers fresh off the printer in the Bee's basement and launching them onto the editors' desks, whose editors had long since gone home for the night. Eventually, they let me stop delivering the paper and start writing stuff in it. My first beat was night cops: liquor store robberies, gang shootings, fatal car crashes (almost always alcohol related). It was an education. I am, as implied above, a U.S. Navy veteran. I served in seagoing helicopter squadrons as an aviation anti-submarine warfare technician throughout the Asia Pacific region and the Indian Ocean. I have a significant number of sailor stories to tell. I have no significant crypto holdings. Among my hobbies are welding, building stuff, home remodelling, (or knocking a house down and starting from scratch if it's too far gone to fix), riding horses and rebuilding old tractors. So far I've done a Ford 8N and a Ford 9N. It's slow going, because I live in Hong Kong and the tractors are in California, so I only get to work on them once or twice a year, for a week or two at a time - and that was before covid. I love my Lab, Cooper, whom my neighbors asked me to adopt two years ago when they moved back to Shanghai from Hong Kong. Cooper and I actually planned the whole thing -- we've known each other almost his whole life -- but his first parents are unaware of the conspiracy; and they send him Christmas presents every year.

Greg Ahlstrand