{"id":59631,"date":"2024-03-19T09:01:07","date_gmt":"2024-03-19T09:01:07","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=59631"},"modified":"2024-03-19T11:15:42","modified_gmt":"2024-03-19T11:15:42","slug":"solactive-collaborates-with-mirae-asset-global-investments","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/solactive-collaborates-with-mirae-asset-global-investments\/","title":{"rendered":"Solactive Collaborates with Mirae Asset Global Investments"},"content":{"rendered":"
Solactive and Mirae Asset Global Investments Partner to Launch ETF Tracking the Solactive K-Pop and Culture<\/h5>\n
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Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong><\/p>\n

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Solactive and Mirae Asset Global Investments Hong Kong have partnered to launch the Global X K-pop and Culture ETF tracking the Solactive K-Pop and Culture Index, envisaging the growth potential of the South Korean music and cultural sector. The industry\u2019s success can be attributed to the international popularity of K-Pop, with artists like BTS and Blackpink leading the way. Gaining significant traction and interest in investments, the K-Pop event market was valued at $8.1 billion in 2021 and is projected to reach $20 billion by 2031, growing at a CAGR of 7.3%1<\/sup>. This global success drives growth in the Korean entertainment industry, with the K-Pop segment growing 31.7% in sales revenue in the first half of 2022 compared to the same period of the previous year.2<\/sup><\/strong><\/p>\n

This Solactive K-Pop and Culture Index<\/strong> aims to represent companies contributing to the popular South Korean culture, providing investors with strategic exposure to this fast-growing sector. Eligible companies are either headquartered in South Korea or generate substantial revenues from various Korean cultural activities, including K-Pop music, TV\/film, gaming, internet, and beauty. It enables access to investors seeking to capture the performance of industry leaders responsible for driving the country\u2019s cultural export success.<\/p>\n

The ETF listed on 19 March 2024 on the Hong Kong Stock Exchange with the stock code 3158.HK.<\/p>\n

Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong><\/span>, commented<\/u>: \u201c<\/em><\/strong>This index provides investors the opportunity to gain exposure to the vibrant Korean culture sector, reflecting the increasing global interest in K-pop. We are pleased to continue our partnership with Mirae and take great pride in launching the Solactive K-pop and Culture Index.\u201d<\/strong><\/em><\/p>\n

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1<\/sup> Global K-pop Events Market Report 2023: Sector is Projected to Reach $20 Billion by 2031 at a CAGR of 7.3% \u2013 Yahoo Finance<\/span><\/p>\n

2<\/sup> South Korean Music Sales Exploded by 31.7% During the First Half of 2022 \u2013 Digital Music News<\/span><\/p>\n

Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Solactive and Mirae Asset Global Investments Partner to Launch ETF Tracking the Solactive K-Pop and Culture<\/p>\n","protected":false},"author":4,"featured_media":24383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[24],"tags":[232],"class_list":["post-59631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indexen","tag-solactive"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/59631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=59631"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/59631\/revisions"}],"predecessor-version":[{"id":59632,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/59631\/revisions\/59632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/24383"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=59631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=59631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=59631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}