Samsung Asset Management's 'Samsung Global Metaverse Fund' Surpasses 100 Billion Won in Assets Under Management

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 2nd that the 'Samsung Global Metaverse Fund' surpassed 100 billion KRW in assets under management just four months after its launch.

Launched on June 28, the Samsung Global Metaverse Fund invests in key global companies related to the metaverse theme, which has established itself as a new paradigm leading the post-internet era.

The Samsung Global Metaverse Fund measures market interest in metaverse-related themes and stocks through big data analysis and determines investment weights considering momentum. It adjusts the stock allocation as market interest and momentum strengthen or weaken. For example, Tesla, included in the mobility group, increased its allocation from the 1% range to the 3% range since early August due to strong momentum and high market interest.

The fund is managed by classifying investments into a total of 11 themes, including three concentrated investment groups and eight theme rotation groups. It selects cloud computing, augmented reality, and virtual reality as core themes that will drive the mid- to long-term growth of the metaverse industry and invests from a long-term perspective. The theme rotation groups include mobility, online gaming, online payment, digital wallet, online platform, luxury goods, 3D design tools, and semiconductors. These groups are themes that can maximize risk management and returns based on interest and momentum.

Choi Byung-geun, manager at Samsung Asset Management, said, "Although the domestic and international environment is not favorable for growth stock investment, metaverse-related companies are expanding their businesses and preparing for the future," adding, "When metaverse theme beneficiary companies enter a full-fledged growth trajectory, it is reasonable to expect explosive stock price increases similar to those shown by electric vehicle-related companies after the COVID-19 pandemic."

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