Samsung Asset Management Lists KODEX US Metaverse Nasdaq Active ETF

Lowest Among Simultaneously Listed Active ETFs with an Annual Total Expense Ratio of 0.5%

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced that it will list the ‘KODEX US Metaverse Nasdaq Active ETF,’ which invests in metaverse-related companies listed on the US Nasdaq market, on the 22nd.

Samsung Asset Management collaborated for six months with the US Nasdaq Stock Exchange and Yewno (a US-based company with a big data-based index development engine) to jointly develop the benchmark index for this ETF along with the Nasdaq Yewno Metaverse Index. This index classifies metaverse-related stocks into platforms, equipment, and content, selecting eight stocks in each category using Yewno’s AI engine based on exposure. Additionally, 16 stocks highly related to the metaverse are included, making up about 40 stocks in total. The platform sector includes Microsoft and Meta, the equipment sector includes Nvidia and Qualcomm, and the content sector includes Netflix and Disney.

Im Taehyuk, Head of ETF Management at Samsung Asset Management, stated, “Since the metaverse market is still in its infancy and many companies, including Facebook (Meta), are declaring the metaverse as their next-generation business, we judged that an active ETF with flexible stock inclusion and exclusion is appropriate.” He added, “As the metaverse market matures, the differentiation from other companies will become more apparent.”

Meanwhile, Samsung Asset Management is currently managing the ‘Samsung Global Metaverse Fund,’ which was the first in the industry to be launched in June. The current fund size is 156.1 billion KRW, attracting high interest from investors.

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