F&Guide Announces FnGuideK-Culture Index

[Asia Economy Reporter Minji Lee] FnGuide, the largest private index development company in Korea, announced on the 15th that the FnGuide K-Culture Index (hereinafter K-Culture Index) will be used as the tracking index for Timefolio Asset Management's K-Culture Active ETF.

The K-Culture Index is calculated by composing companies related to culture, gaming, and medical beauty technology listed domestically to meet the increasing demand from investors who want to invest in Hallyu companies as global interest in Korean Wave culture grows.

The companies related to culture, gaming, and medical beauty technology that make up the index are selected through FnGuide's proprietary machine learning system. Among the selected companies, those meeting basic and financial requirements and classified under FISC categories of media, gaming, bio, and medical equipment and devices are chosen as the final 20 constituent stocks of the index. Of these, 10 stocks belong to the media sector, and 5 stocks each belong to the gaming sector and the bio or medical equipment and devices sector.

Recently, global interest in Hallyu culture has increased with phenomena such as "Squid Game" and "BTS," and domestic games like "Battlegrounds" and "Lineage W" are gaining worldwide popularity. Additionally, with expectations of the COVID-19 situation easing, interest in domestic medical tourism for beauty purposes is rising, leading to growing investor attention toward so-called "Hallyu companies."

An FnGuide official stated, "We believe that the K-Culture Index, composed of 'Hallyu companies' extracted through FnGuide's proprietary machine learning system, can serve as an attractive investment indicator for investors."

Meanwhile, FnGuide plans to introduce various thematic indices suitable for the latest trends, starting with the K-Culture Index, to meet the demands of investors who want to invest in the latest trends.

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