Shinhan Financial Investment Issues New 'Metaverse ETN'

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 30th that it has issued the ‘Shinhan FnGuide Metaverse ETN,’ a portfolio composed of 10 selected KOSPI and KOSDAQ listed stocks with high business relevance to the metaverse, weighted by free-float market capitalization.

The newly listed ETN is based on FnGuide’s 'FnGuide Metaverse Index' and selects 10 stocks with high relevance to the metaverse from listed stocks that meet basic requirements such as a market capitalization of over 100 billion KRW and an average trading volume of over 1 billion KRW over 60 days to compose the index.

The metaverse is a term combining ‘Meta,’ meaning virtual or beyond, and ‘Universe,’ meaning the world or cosmos, referring to a virtual world. This product is composed of stocks that can lead or benefit from the growth of the metaverse industry, which is expected to bring significant changes across various fields throughout all industries and society, beyond existing gaming platforms, by linking with core infrastructures of the metaverse ecosystem such as augmented reality (AR), virtual reality (VR), 5G, cloud computing, Internet of Things (IoT), artificial intelligence (AI), and big data, including entertainment, fashion, education, health, and advertising.

This ETN is scheduled to be listed on the Korea Exchange on the 3rd.

This content was produced with the assistance of AI translation services.