In Brief:
- KB Asset Management launched first blockchain mutual investment fund
- The fund is divided into three main investment areas
- The fund will invest predominantly in U.S. companies
South Korean KB Asset Management launched the country’s first blockchain mutual investment fund, the “KB Global Digital Chain Economy” fund.
According to the Korea Times, The fund can be invested in KB securities, SK securities and Korea Foss Securities.
The KB Asset fund is divided into three main investment areas. First, companies that make blockchain-related hardware like CPU, graphic cards, and specifically companies like Nvidia, AMD, Intel and Samsung Electronics.
Second division is key software companies that provide blockchain-based services to customers, including IBM, Amazon, Microsoft and Asian big-tech companies like Baidu and Fujitsu.
And the third division is the companies that are actually applying blockchain technology to their current business model. These include Paypal, Visa, Square and NTT DATA, and large platform companies such as Tencent and Google.
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The funds mainly invest in U.S companies, accounting for over 52%. It is followed by Japanese firms at 14%, those from European countries at 12%, and China at 11%.
“Blockchain is a key technology that leads the Fourth Industrial Revolution, along with 5G and artificial intelligence technologies,” KB Asset Management CEO Lee Hyun-Seung said. “Through the fund, retail investors can easily get access to investment into blockchain-related companies.”
