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South Korea metaverse ETF performance slumps

Financial Times LogoFinancial Times1w ago

South Korea metaverse ETF performance slumps

Quick Summary

The eight ETFs attracted Won1.5tn ($1.7bn) in combined assets in just two months, according to Korea Exchange data.

New technologies and companies have emerged as the metaverse rose as an alternative to in-person work and social life last year when the Covid-19 pandemic kept many people cooped up in their homes.

Top holdings in most metaverse ETFs include Korea-headquartered tech, game, media and entertainment companies such as LG Innotek, an e-mobility solutions provider, Naver, a search giant, and Hybe, the entertainment agency behind K-pop sensation BTS.


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Article Details

Author / Journalist: Lisa Kim

Category: MarketsFinanceInvesting

Topics: Etfs Exchange Management Metaverse Industry Virtual Financial South Asset Korea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 04:00:22

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 639 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5206

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

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News Last Updated: 10h ago

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