'TIGER Global Metaverse Active' Surpasses 200 Billion KRW in Net Assets

[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments' 'TIGER Global Metaverse Active Exchange Traded Fund (ETF)' surpassed 200 billion KRW in net assets just 13 trading days after its listing.

According to the Korea Exchange on the 12th, as of the closing price on the 11th, the net assets of the TIGER Global Metaverse Active ETF reached 210.7 billion KRW. This ETF was the first among ETFs listed on the Korea Exchange to exceed 100 billion KRW in trading volume on its listing day.

This product focuses on investing in global core companies pioneering the metaverse era. Mirae Asset Global Investments identifies and invests in leading metaverse innovative companies through a global network spanning 12 regions 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 revenue accounts for more than 50% of their total sales. Mirae Asset Global Investments builds its investment universe based on the benchmark index and selects investment stocks through bottom-up research.

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

A representative from Mirae Asset Global Investments stated, "Mirae Asset is a product that can proactively discover and invest in innovative companies by leveraging its extensive global network."

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