KBSTAR Global Metaverse Moorgate ETF Launch

[Asia Economy Reporter Hwang Junho] KB Asset Management is listing the 'KBSTAR Global Metaverse Moorgate ETF' on the 22nd. This ETF is the only passive product among the four Global Metaverse ETFs scheduled to be simultaneously listed on the same day.

The KBSTAR Global Metaverse Moorgate ETF was developed by Fount Investment Advisory and tracks the Global Metaverse Index calculated by Moorgate.

Fount Investment Advisory is the first Korean company to list an ETF on the New York Stock Exchange that tracks a self-developed index, with total assets under management reaching 840 billion KRW. Moorgate is a UK-based index specialist institution that calculates more than 300 indices.

The Moorgate Global Metaverse Index invests 70% based on market capitalization and trading volume among companies selected through keyword filtering, and 30% equally weighted in companies selected by the Fount Index Committee.

Cha Dongho, Head of ETF Management at KB Asset Management, said, "We constructed an index that complements the portfolio while maintaining the transparency, the biggest advantage of passive ETFs." He added, "The major difference lies in the quantitative stock discovery method that selects companies expected to generate revenue in the actual industry and the stock selection method by the Fount Index Selection Committee, which considers factors beyond quantitative evaluation."

The country allocation is highest in the United States (71.5%), followed by Japan (10.1%) and Korea (7.1%). By industry, telecommunications services and IT account for over 90%. Representative index components include Apple (9.03%), Qualcomm (5.76%), and Nvidia (5.59%), along with software leader Microsoft and platform leader Google.

Meanwhile, KB Asset Management has been managing the ‘KB Global Metaverse Economy Fund,’ the first in the industry launched in June. It has shown the highest return among funds investing in the global metaverse with a 7.30% return over the past six months, and currently has net assets of 220 billion KRW.

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