The fund that traded on the stock market aimed at monitoring the wealth of the South Korean K-POP industry and its artists, including BTS and Blackpink, closes after failing to create enthusiasm that is usually associated with globally popular music.
AND Jacota KPOP & Korean Etfencija ETF (KPOP)which was launched in August 2022, he lost over 40% of his value since he reached his maximum in February 2023. Trading KPOP ends on April 1, according to an Subject SEC dated 13. March.
Focusing on a niche and potentially transient consumer taste – not to mention one that many American investors do not know much about – KPOP is launched in the angle of the ETF industry that is gambled in trends in the danger of flames or not to catch. In this regard, it is similar to the so -called thematic funds that followed supplies of meme AND Metavemany of which have closed in the last few years.
While the Korean industry is a fun that Exchange traded concepts He sought to touch KPOP has generated billions of dollars of music and other media in the last decade or so, sales are slowing down. The sales of the album fell 19% last year, the first year falling after nine years of growth, according to Music job around the worldquoting the chart of South Korea circle.
US consumers bought $ 291.8 million in K-POP records, according to a socket, citing the Korean customs.
Source: ETF.com
KPOP’s largest economy was almost 12% of SM Entertainment Co., whose list includes Kangta and Red Velvet. Her shares received 21% in South Korea in South Korea.
Another ETF focused on the music industry, Cluuty Tune Etf (melody) Closed in November 2023, 10 months after it was published.
KPOP -OV publisher, Exchange traded concepts, in 38 ETF holds $ 4.4 billion, including $ 22.4 million Musq Global Music Industry Index ETF (Musq). The price of this fund has changed slightly in the last three months.
