'TIGER Fn Metaverse ETF' Net Assets Surpass 200 Billion Won

[Asia Economy Reporter Hwang Junho] The net assets of Mirae Asset Global Investments' TIGER Fn Metaverse ETF have surpassed 200 billion KRW.

According to the Korea Exchange on the 16th, as of the closing price on the 15th, the net assets of the TIGER Fn Metaverse ETF stand at 230.2 billion KRW. The ETF, which was listed on the 13th of last month, exceeded 100 billion KRW in net assets within just 10 trading days and surpassed 200 billion KRW in just over a month.

The TIGER Fn Metaverse ETF invests in the domestic metaverse value chain, focusing on metaverse platforms and IT hardware companies. The metaverse refers to a virtual world with the potential to replicate economic flows similar to the real world. Considering that the domestic metaverse industry is still in its early stages, the ETF excludes less related stocks and concentrates investments on a small number of stocks.

This ETF tracks the FnGuide Metaverse Theme Index. This index uses AI keyword search technology to evenly include stocks related to the metaverse industry sectors such as IT hardware, platforms, and content. Index rebalancing is conducted regularly in June and December each year, with additional adjustments in March and September to include newly listed stocks. Currently, the index consists of about 20 stocks including HYBE, WYSIWYG Studios, and JYPEnt.

Kwon Oh-sung, Head of ETF Marketing at Mirae Asset Global Investments, said, "The TIGER Fn Metaverse ETF includes metaverse-related stocks that have recently shown strong performance such as NFT, blockchain, gaming, and entertainment, and the underlying index’s periodic adjustments allow for the inclusion of newly listed stocks, which has attracted significant investor interest." He added, "Mirae Asset will continue to discover various themes to provide investors with suitable investment tools."

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