Invesco Rolls Out New $30 Million Metaverse Fund

Invesco Rolls Out New $30 Million Metaverse Fund

 

Global asset management firm Invesco has launched an investment fund focused on all things Metaverse.

The Invesco Metaverse Fund is registered in Luxembourg and has a size of approximately $30 million, a spokesman for Invesco told Decrypt. The Metaverse refers to an integrated network of immersive 3D worlds and online communities where people interact by using virtual reality headsets and augmented forms of reality.

The fund invests in large, medium, and small-cap companies across the Metaverse Value Chain, which, according to marketing materials shared with Decrypt, “encompasses many distinct and interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds.”

Citing a PWC December 2020 report that estimates that virtual and augmented reality have the potential to add $1.5 trillion to the global economy, Tony Roberts, the fund manager, said the Mataverse’s interconnectivity “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,” added Roberts.

Invesco launched its first blockchain-related exchange-traded fund (ETF) in March 2019 on the London Stock Exchange. The firm was also actively seeking to roll out several ETFs tied to Bitcoin in the U.S., although to no avail.

In November last year, Invesco partnered with crypto indices provider CoinShares to launch its first European exchange-traded product (ETP) backed by physical Bitcoin.

 

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