NH-Amundi Asset Management Launches US Metaverse-Related Company ETF

'HANARO US Metaverse iSelect' ETF to be Listed on the 22nd

[Asia Economy Reporter Yoonju Hwang] NH-Amundi Asset Management has launched an ETF that invests in U.S. metaverse-related companies.

NH-Amundi Asset Management announced that it will list the 'HANARO U.S. Metaverse iSelect' ETF on the 22nd. This product is designed to focus investment on leading companies driving the metaverse trend, composed of U.S. big tech stocks encompassing the entire metaverse industry, including metaverse platforms and hardware.

The HANARO U.S. Metaverse iSelect ETF tracks the iSelect U.S. Metaverse Index published by NH Investment & Securities. This index applies keyword filtering technology related to major metaverse terms such as metaverse, augmented reality, virtual worlds, VR, AR, XR, MR, virtual reality, lifelogging, and mirror worlds, and includes up to 20 stocks with equal weighting. As of January 31, 2022, the top constituents of the underlying index include Electronic Arts (6.1%), PTC (6.0%), Broadcom (6.0%), Apple (6.0%), Intel (5.6%), and Roblox (3.0%).

The metaverse market size is expected to grow from $150 billion in 2021 to $1.5 trillion by 2030. The reason the metaverse is gaining more attention is that it is anticipated to become the next-generation platform connecting the internet and mobile. Furthermore, it is predicted to have significant scalability across most industries in the future, including education, healthcare, defense, finance, and entertainment, beyond just gaming.

Seungcheol Kim, Head of Passive Solutions at NH-Amundi Asset Management, said, "The metaverse trend is being led by global big tech companies listed in the U.S., and the HANARO U.S. Metaverse iSelect ETF will be a good way to focus investment in U.S. metaverse companies in Korean won domestically."

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