Recently, South Korea has turned into a booming marketplace for metaverse funds, ETFs. The first four metaverse ETFs launched in October attracted inflows of $100 million in just under two weeks. Notably, they are gaining widespread popularity in the US as well.
According to Samsung Asset Management, which also launched two ETFs, eight metaverse ETFs were listed in South Korea, collecting more than $1 billion in inflows. From that amount, over $800 million went into four ETFs focused on South Korean metaverse-related stocks. At the same time, more than $338 million was sent into more global metaverse ETFs. The most popular ETFs include Samsung Asset Management’s KODEX K-Metaverse Active, NH Amundi Asset Management’s Hanaro Fn K-Metaverse MZ, KB Asset Management’s KBSTAR iSelect Metaverse, and Mirae Asset Global Investment’s Tiger Fn Metaverse.
Top holdings in the ETFs belong to tech companies and chipmakers as well as stocks associated with South Korea’s entertainment industry. For example, Samsung's metaverse ETF includes shares of Hybe, which owns the music label of the hugely popular K-pop group BTS, as well as video game makers such as Pearl Abyss.
