A new ETF is designed for investors who want to either place their bets on a non-Meta Metaverse.
Subversive Capital Advisor launches its first exchange traded fund – Subversive Metaverse ETF (Ticker: PUNK) on Cboe BZX Exchange. The ETF is long on a number of Metaverse-oriented companies, but is short on Facebook’s parent company, Meta.
Trading under PUNK, the actively managed exchange-traded fund is managed by Subversive’s founder, Michael Auerbach, while Christian H. Cooper will act as the ETFs Portfolio Manager.
“Considering the amount of opportunity untouched within this market, we see the term ‘meta’-anything disproportionately associated with overpowering companies like Facebook,” said Cooper in a statement. “Our mission here at Subversive is to question the integrity of the status quo–which is why the PUNK Fund is short META1–and build a foundation for people to appreciate these emerging sectors just as much as we do. We want to make sure this industry develops, without getting ‘Zucked-up’, from those who see the true potential of this space.”
According to the statement, the PUNK Fund, which is expected to begin trading on January 27, 2022, seeks to achieve long-term capital appreciation by investing in globally-listed equity securities of companies that provide services and products that support the infrastructure and applications of the Metaverse. Companies selected for inclusion in the PUNK Fund’s portfolio will be engaged in the experience, discovery, creator economy, spatial computing, decentralization, human interface and/or infrastructure aspects of the Metaverse.
“Subversive Capital prides itself on identifying opportunities, particularly in emerging sectors and themes, that provide our shareholders with exposure to disruptive and rapidly growing industries,” said Michael Auerbach. “While still in the early stage of development, there are already a compelling variety of companies that have established themselves as leaders within the Metaverse today, and we believe there is much to gain as this industry evolves. With our backgrounds and history of successful early-stage investments in disruptive emerging companies and industries, we’re excited to bring this unique investment option to the market.”
The PUNK Fund has a 0.75% management fee.
“Cboe is pleased to assist Subversive to bring their innovative ETF to market,” said Laura Morrison, Global Head of Listings at Cboe Global Markets. “We believe PUNK offers a highly differentiated strategy that will provide investors with a new way to gain exposure to the Metaverse sector, and we look forward to providing the highest quality markets and services for their shareholders.”
Cboe BZX Exchange is operated by Cboe Global Markets, a leading provider of market infrastructure and tradable products, and a premier listing venue for exchange-traded products globally.
This article is meant to be informational, not investment advice.
Subversive Capital Advisor LLC is a recently established registered investment advisor.
The firm’s investment strategies primarily focus on different mission-driven emerging sectors that we believe will shape the economy of the future. The companies we invest in are bold, daring, and uninhibited enough not to let the world as it exists today limit their imagination for opportunities of the future.