'KB Global Metaverse Economy Fund' Surpasses 200 Billion KRW in Assets Under Management

[Asia Economy Reporter Hwang Junho] KB Asset Management's 'KB Global Metaverse Economy Fund,' the first of its kind in the industry, has surpassed 200 billion KRW in assets under management. Launched in June, the fund exceeded 100 billion KRW last month, and the inflow has rapidly increased, achieving this milestone within a month.

KB Asset Management manages a total of eight funds investing in the global metaverse, with the 'KB Global Metaverse Economy Fund' showing outstanding returns. The three-month returns and returns since inception for the currency-exposed type are 4.08% and 13.58%, respectively. For the currency-hedged type, the returns are 3.71% and 4.45%. KB Asset Management is the only firm with double-digit returns since inception.

This fund focuses its investments on four main related sectors: infrastructure, hardware, software, and platforms. Since the metaverse is widely applied in areas such as augmented reality and virtual reality, selecting stocks closely related to the metaverse is challenging.

As of the end of November, the portfolio's largest holding is Roblox at 5.48%. Additionally, the fund diversifies across 40 companies, including Nvidia at 5.44%, AMD at 5.37%, and Qualcomm at 5.37%. KB Asset Management evaluates that the fund achieves excellent performance through outstanding stock selection while diversifying risk without concentration in specific stocks.

Cha Dongho, Head of ETF Management at KB Asset Management, explained, "At the time of the fund's launch, due to regulatory issues on platform companies by the Chinese government, we reduced the weighting of related companies (Alibaba, Tencent, etc.) and flexibly adjusted the weighting of non-face-to-face stocks such as Zoom according to the with-COVID-19 situation."

Meanwhile, since launching the industry's first global metaverse fund, KB Asset Management listed the 'KBSTAR iSelect Metaverse ETF,' which invests in domestic metaverse-related companies, on October 13, and plans to complete a solid lineup by launching a global metaverse ETF investing in global companies on the 22nd.

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