Samsung Asset Management "KODEX K-Metaverse Active ETF Net Assets Surpass 300 Billion Won"

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 22nd that the net assets of the KODEX K-Metaverse Active ETF have surpassed 300 billion KRW. After being listed on October 13, it exceeded 200 billion KRW on November 12, just one month later, and surpassed 300 billion KRW again within 5 trading days.

The KODEX K-Metaverse Active ETF is characterized by fund managers actively selecting stocks and adjusting their weights. Since the metaverse industry is an early market of a mega trend, the fund is differentiated by allowing flexible management, focusing on the rapid changes in related companies. In fact, on November 5, after incorporating Danal, a subsidiary, due to news of Danal Fintech's entry into the NFT market and its simple payment business, it achieved a 71% return as of the closing price on November 19. Thanks to this, the product recorded a 45.7% return since inception, outperforming the underlying index which recorded 36.6% during the same period.

The metaverse is regarded as the next world after the web world (Internet) and the app world (mobile), and is an industry with limitless development potential. Metaverse-related businesses include platforms, devices, and content. In particular, domestic companies have strong advantages in content within the metaverse market, such as K-POP, dramas, and games.

Im Taehyuk, head of the ETF Management Team 1 at Samsung Asset Management, stated, “The concept of the metaverse is still unclear, and related companies are rushing to declare their entry into the business, so we launched the product as an active ETF to reduce the time lag in reflecting these stocks in the index and to respond quickly to market trends, which has led to high returns.” He added, “Following the domestic metaverse market, we are also preparing a US metaverse active ETF.”

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