Samsung Asset Management "KODEX K-Metaverse Active ETF Net Assets Surpass 150 Billion Won"
[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 10th that the net assets of the KODEX K-Metaverse Active ETF have surpassed 150 billion KRW. This achievement was recorded just one month after its listing in October.
The KODEX K-Metaverse Active ETF is a product that focuses on investing in domestic metaverse companies leading the next era of the internet (web) and mobile (app). Domestic companies have strong advantages in content within the metaverse market, such as K-POP, dramas, and games, and are also expanding platform businesses that will lead the metaverse era in the future. As of the 9th, investments include HYBE at 8.89%, Kakao Games at 8.26%, and AfreecaTV at 8.20%.
Samsung Asset Management analyzes megatrends and offers products by focusing on long-term trends and changes rather than short-term fluctuations or popular themes. Megatrends refer to massive changes that affect business, economy, socio-culture, and individuals' lives. The metaverse industry is also a megatrend that Samsung Asset Management has focused on. However, since the metaverse industry is in the early market stage of the megatrend, Samsung Asset Management differentiated the product as an active ETF that allows managers to operate freely, paying attention to the rapid changes in related companies. In fact, it has recorded a 27.4% return since inception, outperforming the underlying index, which recorded 24.95% during the same period.
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Additionally, the net assets of Samsung Asset Management's five KODEX equity active ETFs exceeded 300 billion KRW just two weeks after surpassing 200 billion KRW on the 25th of last month. The five ETFs?KODEX Innovation Technology Theme Active ETF, KODEX K-Innovation Active ETF, KODEX K-Future Car Active ETF, KODEX K-Renewable Energy Active ETF, and KODEX K-Metaverse Active ETF?all have generated excess returns compared to their underlying indices, which Samsung Asset Management attributes as the reason for the increase in net assets. A Samsung Asset Management official stated, “Following the previously listed KODEX K-Future Car Active ETF and KODEX K-Renewable Energy Active ETF, we are also preparing a US Metaverse Active ETF.”
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