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[Alpha Biz=(Chicago) Reporter Kim Jisun] There is an Exchange Traded Fund (ETF) that invests heavily in POP. 95% of the total assets will be invested in the nation's four largest agencies.
According to the Korea Exchange, "ACE KPOP Focus" will be listed on the stock market on the 30th.
This ETF invests in Korea's leading entertainment companies, and the basic index is the "iSelect K-POP Focus Index" calculated and announced by NH Investment & Securities.
The index incorporates the top 10 items with market dominance based on K-pop entertainment-related sales data. In particular, the proportion of the top four stocks has increased to 95%.
△SM (25.92%) △HYBE (24.90%) △JYP Ent (23.95%) and YG Entertainment (19.34%) were listed at the top of the list of incorporated items as of the 26th.
According to the Korea Creative Content Promotion Association, the four companies posted an average annual sales growth rate of 28% for eight years from 2016, as well as an average operating profit ratio of 19.13% last year.
Although some adjustments have been made to entertainment stocks this year, the performance consensus is still positive. According to FnGuide, the operating profit of the four companies in 2023 is estimated to have increased by 70.9% on average year-on-year, and is expected to rise this year and next year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
