Invesco Ltd., an American independent investment management company, has announced it has launched a dedicated Metaverse fund.
The fund will focus on large, medium and small-cap companies in the US, Asia and Europe, across several specific verticals. These include:
• Next-generation operating and computer systems
• Hardware and devices that provide access to the Metaverse
• Networks for hyperconnectivity
• Immersive platforms developed with AI
• Blockchain
Headquartered in Atlanta, Georgia, with additional branch offices in twenty countries, the Invesco fund will be managed by Tony Roberts, fund manager, and James McDermottroe, deputy fund manager, both members of Invesco’s UK-based Asia & Emerging Markets equities team. The fund’s performance will be measured against the MSCI AC World (Net Total Return) benchmark, and its management fee will be 0.75% on the z share class in the UK.
“It has been estimated that, by 2030, virtual and augmented reality could deliver a £1.4-trillion boost to the global economy,” said Roberts.
“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. We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach.”
While Alexander Millar, Head of UK distribution at Invesco, said: “At Invesco, we will always aim to offer clients best-in-class solutions to help capture exciting opportunities — and the Metaverse is certainly one of these.”
“Our experienced Asia & Emerging Markets team is uniquely well-placed to pick the winners of this emerging global megatrend through its disciplined and robust, fundamental approach.”
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