Remarkable Surge in K-POP and Major Entertainment ETFs
Over the past month, ETFs related to K-POP and major entertainment industries have shown exceptional returns. Notably, the TIGER Media Content ETF rose by 16.62% and the ACE KPOP Focus ETF by 15.78%. This impressive performance is seen despite HYBE's announcement of lower-than-expected earnings, as positive outlooks on international market growth, the lifting of China's Hallyu ban, and the return of major artists have all contributed positively.
Although HYBE's operating profit fell short of expectations, the overall revenue still suggests strong market potential and is positively viewed. This reflects the enduring growth prospect of the K-POP market, and the related ETFs are seeing a steady increase in net assets. Such developments indicate that investors continue to maintain a favorable outlook towards these markets.
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