Alternative Investments/Digital: A Metaverse-Themed ETF From Betashares Debuts On The ASX
BetaShares Metaverse ETF (ASX: MTAV) is the first Australian ETF providing dedicated exposure to the Metaverse.
The BetaShares Metaverse ETF (ASX: MTAV) has debuted on the ASX on Thursday, August 5, 2022. It is the first Australian ETF providing dedicated exposure to a portfolio of leading global companies that are building, developing and operating the Metaverse. (Betashares)
The Metaverse refers to the concept of the entire internet represented as a massive unified virtual world – an advancement on the term “virtual reality.”
According to Betashares, the Metaverse has been described as the next iteration of the internet that seamlessly combines our digital and physical lives.
“The metaverse is the next frontier in connecting people, just like social networking was when we got started,” Facebook chief Zuckerberg said at the time he renamed Facebook as Meta Platforms Inc (NASDAQ: META). “Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers.”
The New Metaverse ETF (ASX: MTAV)
MTAV provides exposure to companies involved in the Metaverse including providers of 3D modelling, designers/manufacturers of VR/AR hardware, providers of artificial intelligence services, companies that sell advertising located in the Metaverse, and companies involved in digital currencies/assets used in the Metaverse.
According to Betashares, MTAV provides cost-effective exposure to the Metaverse thematic in a single ASX trade, and charges management costs of only 0.69% p.a.
· MTAV aims to track the Bloomberg Metaverse Select Index and currently offers exposure to a portfolio of 32 leading companies that generate a meaningful amount of their revenues from activities related to the Metaverse, including Roblox, NVIDIA and Meta Platforms.
· MTAV provides exposure to both large, profitable technology and entertainment companies, as well as more specialised companies with a focus on the core technologies that will enable the Metaverse.
· The Metaverse economy sits at the intersection of virtual and augmented reality, gaming, artificial intelligence, advertising, as well as digital currencies and tokens.
· Over time, this powerful frontier is predicted to facilitate the digitisation and virtualisation of communities, experiences, and commerce. In order to stay connected with their customers, brands will have to increasingly invest considerable resources towards their Metaverse strategy.
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