'TIGER Global Metaverse Active' Surpasses 100 Billion KRW in Net Assets

[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments announced on the 27th that the net assets of the 'TIGER Global Metaverse Active ETF' have surpassed 100 billion KRW.

According to the Korea Exchange on that day, as of the closing price on the 24th, the net assets of the TIGER Global Metaverse Active ETF reached 102.7 billion KRW, exceeding 100 billion KRW just three days after its listing on the 22nd. This ETF was the first ETF listed on the Korea Exchange to surpass 100 billion KRW in trading volume on its listing day.

The Metaverse is a compound word of Meta, meaning virtual space, and Universe, meaning the real world, referring to a three-dimensional virtual world. With the activation of non-face-to-face channels due to the COVID-19 pandemic and advancements in related technologies such as VR and AR, the metaverse, which connects reality and virtuality, is emerging as an industrial trend.

The TIGER Global Metaverse Active ETF concentrates investment in global core companies pioneering the metaverse era by consolidating Mirae Asset Global Investments' active management capabilities. Companies included in the metaverse value chain cover a wide spectrum from hardware to software/content and infrastructure, making the ability to continuously discover innovative companies very important. Mirae Asset Global Investments can proactively identify leading metaverse innovative companies through its global network spanning 13 countries and regular information exchanges with overseas subsidiaries.

The ETF's benchmark index is the ‘INDXX Global Metaverse Index.’ INDXX constructed the index with the top 50 companies by market capitalization whose metaverse-related sales account for more than 50% of their total revenue.

Meanwhile, Mirae Asset Group Chairman Hyunju Park stated on the YouTube channel ‘Mirae Asset Smart Money’ regarding the metaverse theme, where gaming has become a platform, that “Looking ahead, it is a very visionary part.”

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