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Metaverse ETF explodes in South Korea

November 21, 2021
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Metaverse ETF explodes in South Korea

Whether it is currency speculation or NFT, South Korea has always been at the forefront of investment. And the recent hot investment concept is on the metaverse. South Koreans are also at the forefront-as can be seen from South Korea’s popular metaverse ETF.

There are 6 metaverse ETFs issued overseas

Up to now, 6 ETFs named after Metaverse have been issued overseas, of which 4 are from South Korea. They are KODEX K-Metaverse Active of Samsung Asset Management. KBSTAR iSelect Metaverse by KB Asset Management. Hanaro Fn K-Metaverse MZ of NH Amundi Asset Management and Tiger Fn Metaverse of Mirae Asset. Among them, Samsung ETF is an actively managed fund. The other three are passive funds, investing in related stocks of metaverse.

These four metaverse-themed ETFs have been officially listed since mid-October this year. Since its launch, prices have risen by at least 24%. Samsung KODEX K-Metaverse Active, which has risen the most, has risen nearly 50%. In contrast, South Korea’s KOSPI Composite Index recorded a 0.3% drop this month.

“South Korea is the world’s fastest-growing Metaverse ETF market. It reached an asset scale of US$100 million in less than two weeks after its launch.” Bloomberg Intelligence analyst Rebecca Sin said, “The flow of funds is affected by retail demand. Push. This trend is likely to continue in the region, with Australia and Taiwan following closely behind.”

Korea metaverse ETF is growing rapidly

According to data compiled by Bloomberg. The four South Korean Metaverse ETFs have so far attracted approximately US$300 million in capital inflows. A considerable part of this has been inflows in the past week.

Bloomberg analyst forecast. By the end of this year, the assets of these funds may exceed $600 million. 90% of the funds come from retail investors.

Morgan Stanley analyst Seyon Park wrote in a report: “During the recent earnings season, the metaverse theme of Korean video game publishers is very obvious.”

In addition to the South Korea-listed Yuan universe ETF. The Metaverse-themed ETF “Roundhill Ball Metaverse ETF” listed in the United States. It is also very popular.

Especially after Facebook announced that it was renamed Meta. The fund inflows increased substantially. The scale of funds rapidly expanded to 290 million US dollars. It has become the world’s largest metaverse ETF.

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