Alternative Investments/Digital: Invesco Launches Metaverse Fund

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A PWC December 2020 report estimates that virtual and augmented reality have the potential to add $1.5 trillion to the global economy.

Invesco, the global asset management firm, is launching the Invesco Metaverse Fund, to be registered in Luxembourg, and having a size of about $ 30 million.

It will invest in large, medium, and small cap companies across the Metaverse Value Chain which includes many distinct and interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds. (Kitco)

To be managed by Tony Roberts, fund manager, and James McDermottroe, deputy fund manager, the fund could target companies in Europe, Asia, and the USA.

Sectors of interest include next-generation operating and computer systems, hardware and devices that provide access to the metaverse, networks for hyper-connectivity, immersive platforms developed with artificial intelligence, blockchain, the interchange tools necessary to bring about interoperability and services and assets that will facilitate the digitisation of the real economy.

Invesco Metaverse Fund

“While the metaverse’s applications to entertainment are increasingly well understood, the interconnectivity that it enables will likely have a transformative impact across industries as diverse as healthcare, logistics, education and sport,” said Roberts. “We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach.”

The fund charges a management fee of 0.75%.

It will be available to investors in 14 European countries, including the United Kingdom, Germany, France, Netherlands, Finland, Czech, Sweden, Austria, Belgium, Italy, Luxembourg, Norway, Slovakia and Spain.

The fund’s benchmark is the MSCI AC World (Net Total Return) Index.

Related Story: Invesco Launches Global Clean Energy ETF In London

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