SEOUL, South Korea & NEW YORK--(BUSINESS WIRE)--JAKOTA Index Portfolios Inc., a New York based financial media company and index provider servicing the JAKOTA region (Japan, South Korea, Taiwan) has partnered with Content Technologies Inc., a Seoul-headquartered investment firm that manages one of the largest music rights libraries in Asia and makes investments in a variety of high growth music ventures in Asia, to sponsor and serve as the index provider to the NYSE Arca-listed KPOP and Korean Entertainment ETF (the “Fund”) originally sponsored by Content Technologies in 2022.
The Fund is renamed the “JAKOTA K-Pop and Korean Entertainment ETF” effective immediately. The Fund continues to be listed on NYSE Arca under the ticker “KPOP”.
“Our partnership with JAKOTA Index Portfolios provides KPOP with the optimal international platform to grow the asset base of the Fund and bring foreign equity investment into the Korean music and entertainment industry, further validating our innovation in the global securities market through the launch of KPOP in 2022, while bringing this Fund to a new level of scale and visibility,” commented Mr. Jangwon Lee, the founder of Content Technologies.
JAKOTA Index Portfolios owns and operates jakotaindex.com, a platform which aggregates market data, along with proprietary JAKOTA equity indices series and research, to provide coverage of stocks, sectors, and economies within the JAKOTA region. JAKOTA Index Portfolios licenses its various investable indices tracking JAKOTA capital markets to investment firms around the world.
“We are excited to further develop the JAKOTA K-Pop and Korean Entertainment ETF into a meaningful conduit of foreign investment into the booming K-Pop industry and provide various K-Pop and entertainment companies with the deserved visibility and recognition at a global scale,” commented Ms. Motoko Yorozu, the Managing Director of JAKOTA Index Portfolios.
IndexAtlas advised on the JAKOTA-Content Technologies transaction.
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About JAKOTA Index Portfolios
JAKOTA Index Portfolios, a New York based financial media company and index provider, specializes in the JAKOTA (Japan, South Korea, Taiwan) regional markets. It is supported by a diverse international consortium, including leaders like Nobias Media from Portugal and Oxford Metrica from the UK, along with partners such as Digital Domain Global AI Lab and JAKOTA Taiwan Capital Partners. The company focuses on leveraging the expected rapid growth and outperformance of JAKOTA markets in the next decade. JAKOTA Index Portfolios owns and operates jakotaindex.com, which offers proprietary JAKOTA equity indices and in-house research for the global investment community as well as Investor Relations services aimed at public companies from the JAKOTA region seeking to enhance their capital markets presence.
Disclosure
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit our website at kpopetf.com. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve their stated objectives. In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Fund’s concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors.
The Fund’s concentration in a single country or a limited number of countries will increase the impact of, and potential losses associated with, the risks from investing in those countries.
The Fund is non-diversified. The Fund is new and has limited operating history for investors to evaluate. A new and smaller fund may not attract sufficient assets to achieve investment and trading efficiencies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.
The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.
Exchange Traded Concepts, LLC serves as the investment advisor to the Fund. The Fund is distributed by SEI Investments Distribution Co., (SIDCO) 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with Exchange Traded Concepts, LLC. or JAKOTA Index Portfolios, Inc.
