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American asset management company Invesco has released an investment fund focused on the metaverse. The Invesco Metaverse Fund will invest $30 million in small and large companies across the US, Asia, and Europe and will be managed by Tony Roberts and James McDermottroe, members of Invesco’s UK-based Asia and Emerging Markets equities team.
The companies related to the metaverse value chain “encompass many distinct and interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds.”
Regarding the potential of the Metaverse for the economy and everyday life, Invesco’s fund manager, Tony Roberts, stated that the virtual world’s interconnectivity “will likely have a transformative impact across industries as diverse as healthcare, logistics, education, and sport.”
“We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach,” Roberts further spoke about the fund.
The Invesco metaverse fund will invest in seven key areas fundamental to the industry:
- Next-generation computer and operating systems;
- Hardware and devices that provide access to the virtual world;
- Networks for hyperconnection;
- AI-powered immersive platforms;
- Interchange tools required for interoperability;
- Services that ease the digitalization of the real-world economy.
The fund’s performance will be calculated using the MSCI AC World (Net Return), an index that measures the performance of large and medium-cap companies across 23 developed countries. The management fees will be 0.75% of the net return.
Invesco has already entered Web3. In March 2019, the firm launched its first blockchain ETF (exchange-traded fund) on the London Stock Exchange. In November 2021, it partnered with CoinShares to release its first ETP (exchange-traded product) backed by Bitcoin.
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