K-beauty eyes Wall Street glow-up with first ETF

A prospectus for what would be the first US-listed K-beauty exchange-traded fund arrived at the Securities and Exchange Commission on Friday, stirring expectations that global capital could soon flow into the sector at scale. The prospectus was filed by US-based asset manager Guinness Atkinson for its K-beauty ETF, ticker KBTY, which plans to list on NYSE Arca. The fund will put at least 80 percent of net assets into K-beauty companies, defined as firms organized, headquartered, or listed in Sou