Midas Asset Management Launches 'Clean Metaverse Growth Stock Fund'

[Asia Economy Reporter Minji Lee] Midas Asset Management announced on the 27th the launch of the ‘Midas Global Clean Metaverse Growth Stock Fund,’ a global growth stock fund investing in stocks related to the growth themes of the clean industry and the metaverse industry.

The clean industry is directly linked to human survival. To address the climate crisis, countries around the world are accelerating efforts to achieve carbon neutrality goals, leading to large-scale investments in related industries such as renewable energy including solar and wind power, as well as hydrogen and batteries. While the clean industry is an industry that improves the world we live in, the metaverse can be described as an industry that creates another world through virtual reality. The metaverse goes beyond simple virtual reality by creating new markets through connections with reality and interactions among users.

Although related theme funds have been launched in the metaverse sector, they mainly invest in U.S. technology stocks, which can lead to high performance volatility. The newly launched Midas Global Clean Metaverse Stock Fund invests not only in the metaverse but also in the clean industry, another important growth theme, sufficiently reflecting key growth trends. It also offers the advantage of expecting long-term performance by lowering volatility through diversified investments across countries and industries.

The clean industry, mainly composed of advanced companies in industrial materials and materials sectors, and the metaverse industry, which includes many companies with high IT technology, provide good diversification opportunities in themselves. Midas Asset plans to maximize investment effects by discovering and investing in fashion and content companies that create high added value through the metaverse, as well as small and medium-sized enterprises with technological capabilities.

A representative from Midas Asset Management said, “We plan to actively utilize a research system that discovers companies playing a pivotal role in the clean industry and metaverse through Midas Asset’s global network, including overseas local subsidiaries, and a deep search engine useful for analyzing growth industries,” adding, “This fund allows investors to conveniently invest in the two most spotlighted growth themes in a single fund, meeting the demand of investors who want to actively make long-term investments in overseas stock markets.”

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