Launch of the 'Samsung Global Metaverse' Fund

[Asia Economy Reporter Junho Hwang] Samsung Asset Management launched the 'Samsung Global Metaverse Fund' on the 28th, investing in key global companies related to the metaverse theme, which is establishing itself as a new paradigm leading the post-internet era.

Metaverse is a compound word of the Greek word Meta, meaning processing or abstraction, and Universe, meaning the real world. It refers to a world where the virtual world and reality are mixed, eliminating the constraints of time and space.

The Samsung Global Metaverse Fund selects cloud computing and virtual reality themes as core themes that will drive the growth of the metaverse industry in the mid to long term and invests from a long-term perspective. It also allocates funds to mobility, online games, online payment, online platforms, luxury goods, 3D design tools, and more.

This fund invests in 40 to 50 stocks globally, selected by Samsung Asset Management’s proprietary big data analysis system, considering sentiment analysis and ESG screening among theme-based stocks.

Choi Byung-geun, manager at Samsung Asset Management, said, "The metaverse, which has entered its early growth stage, is a mega trend that will lead the next 20 years," adding, "We plan to pursue excess returns through a strategy that combines interest and momentum after constructing a metaverse theme universe using our proprietary big data analysis system."

The Samsung Global Metaverse Fund is available for subscription at Eugene Investment & Securities, DB Financial Investment, and IBK Investment & Securities.