NH-Amundi Asset Management launches its second metaverse exchange-traded fund (ETF), which will invest only in metaverse-related companies in the United States. This ETF is called the HANARO U.S. Metaverse iSelect ETF. It will track 20 companies that are important in the U.S. metaverse, which includes virtual and augmented reality, and the mirror world.
The ETF is based on NH Investment & Securities’ index of the US metaverse industry, which includes Electronic Arts, Broadcom, PTC, Apple, Intel, and Roblox. The metaverse has attracted a lot of interest in South Korea, where the government has set out a five-year strategy to establish the local metaverse industry as a global leader.
The eight existing metaverse ETFs in South Korea have lost an average of 19 percent in 2022, according to the Korea Exchange (KRX). The report from Samsung Asset Management, more than $1 billion has been contributed to the eight ETFs in Korea as of January 19, which is a huge amount.
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