Entertainment Stocks Soar: ETF Performance Analysis
This month saw a significant increase in the market capitalization of major domestic entertainment stocks, capturing attention. Companies such as JYP Entertainment, YG Entertainment, HYBE, and SM Entertainment saw an average 23% rise in their stock prices, buoyed by anticipation surrounding BTS and Blackpink's comebacks, despite tariff concerns placing them in a 'safe zone.' Institutional investors' net buying of these stocks reached 298 billion KRW, further boosting stock prices. Related ETFs also showed upward trends, with financial analysts recommending HYBE as the top pick, though they noted risks concerning issues like the Ador controversy.
In the past week, previously lagging entertainment stocks rebounded due to expectations of major artists' comebacks, leading K-pop themed funds to record superior returns. Notably, NH-Amundi Asset Management's 'HANARO FnK-POP&Media' ETF achieved an 8.43% return, grabbing significant attention. Conversely, Samsung Electronics' share buyback announcement drove the KOSPI index, while the insurance sector also showed strength. Meanwhile, overseas equity funds recorded an average return of -1.67%, with the Southeast Asian market performing the best. Global stock markets struggled with declines due to geopolitical risks and restrained investor sentiment towards technology stocks.
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Entertainment Stocks Excited for BTS·BLACKPINK Comeback... K-pop Theme Rises [Fund Watch] - E-DailyEntertainment stocks, which have been sluggish this year, are rebounding on expectations of major artists' comebacks. Thanks to these entertainment stocks emerging as 'hidden champions' in a sluggish stock market, funds themed around K-pop ranked among the top performers for the week. According to fund evaluator KG Jero-in on the 24th, the net asset value (combined classes) 100...
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