The iShares Metaverse UCITS ETF (MTAV) is ESG screened and listed on Euronext.

BlackRock has issued the iShares Metaverse UCITS ETF, which offers investors an ESG-screened exposure to small, mid, and large capitalization developed and emerging market companies which invest in the development of certain metaverse related technologies such as virtual reality, 3D image modelling, avatar, graphics processing unit, blockchain and non-fungible tokens. (ETF Stream)

iShares Metaverse UCITS ETF (MTAV)

The new ETF tracks the STOXX Global Metaverse Index and has a total expense ratio of 0.50%. This index offers exposure to 65 companies involved in the digital marketplace, gaming, healthcare, manufacturing, software, hardware and components.

The ESG screening process excludes companies involved in controversial weapons, weapons (such as small arms and military contracting), tobacco, nuclear power, thermal coal, conventional oil and gas, unconventional oil and gas, as well as issuers who have violated international norms and standards or those involved in ESG severe controversies.

Fundspeak

Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, said: “We see the metaverse as the next leap forward in global communication and connectivity.”

“It has the potential to revolutionize many sectors and processes, and reshape every facet of society, from the way we work, consume, interact, and produce.”

Related Story:  Franklin Templeton To Debut Metaverse ETF In Europe

Photo by Adnan Mistry on Unsplash