Wednesday, May 29, 2024
HomeMetaverseSouth Korea-based company "NH-Amundi Asset Management" launches its second metaverse ETF

South Korea-based company “NH-Amundi Asset Management” launches its second metaverse ETF

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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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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