"Invest in Metaverse and Space Industry"…KTB Asset Management Launches New Fund
Investment in Leading Overseas Companies in Metaverse and Space Industry
[Asia Economy Reporter Minwoo Lee] KTB Asset Management is launching a fund product that invests in leading overseas companies in the metaverse and space industry sectors.
KTB Asset Management announced on the 6th that it has launched the 'KTB Global Metaverse & Space Industry Leading Stocks Fund' (hereinafter KTB Meta Space Leading Stocks Fund). The metaverse is a combination of "universe," meaning the real world, and "meta," meaning virtual or abstract. It refers to a three-dimensional virtual world where reality and virtuality are intertwined. With the spread of COVID-19 and the activation of economic ecosystems within virtual worlds, the metaverse era is becoming full-fledged. At the same time, expectations for growth in the space industry are rising, fueled by the success of global companies in space travel, leading to the launch of this investment product targeting related companies.
The KTB Meta Space Leading Stocks Fund seeks long-term returns by investing in leading companies related to the metaverse and space industries. Unlike existing metaverse funds, it has expanded its investment scope to include the space industry sector.
The main investment targets are top-tier companies expected to see simultaneous increases in sales and profits among metaverse and space industry-related firms. Using a top-down approach, industry-related themes are classified, and a list of stocks for each theme is created. Through bottom-up analysis, the leading company in each theme is selected. These leading companies form the portfolio, which is diversified across 20 to 30 stocks, with some investments also made in metaverse and space industry Exchange-Traded Funds (ETFs). Additionally, to hedge against currency fluctuation risks, a currency hedging strategy is employed at a level of 60% to 100% for foreign currency-denominated assets.
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The KTB Meta Space Leading Stocks Fund is available for subscription through KTB Investment & Securities as well as major securities firms and banks nationwide. Jo Hajin, Portfolio Strategy Team Leader at KTB Asset Management, said, "With the emergence of innovative technologies, the metaverse era and space travel, which once felt distant, are becoming a reality. The KTB Meta Space Leading Stocks Fund will be an attractive product for those wishing to invest in future growth industries."
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