• Invesco launches Metaverse fund
• Focus on seven key areas
• Strong growth spurt expected until 2030
Invesco launches Metaverse funds
The asset manager Invesco offers its customers a broad portfolio of financial products, consisting of numerous funds and trusts in which both institutional and private investors can invest. Overall, the company manages approximately $1.6 trillion in assets. Invesco has now introduced a new financial product: the Invesco Metaverse Fund. According to the “Deutsche Finanz Presse Agentur”, the new fund was launched on August 22, 2022 and is aimed at pan-European investors. The trend fund is actively managed by Invesco’s Asia and Emerging Markets specialists, Tony Roberts and James McDermottroe.
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“One of the greatest revolutions since the invention of the World Wide Web”
“It’s not just a new stage in digital evolution, it’s, in our opinion, one of the greatest revolutions since the invention of the World Wide Web.” This is how Invesco defines the metaverse hype on the corporate side. “Welcome to the Metaverse, a virtual place where the real and digital worlds blur and open up a new way for us to live, work and invest.” The Invesco Metaverse Fund is domiciled in Luxembourg and contains small, medium and large companies from the USA, Asia, Japan and Europe that are active in the Metaverse area by developing virtual worlds themselves, providing the necessary structure for them or from success this benefit. According to the DFPA, the fund managers want to support seven core areas: modern computer systems, devices with metaverse access, hyperconnectivity networks, immersive platforms based on AI, blockchain, interface tools and investment products with which the real economy can be digitized.
According to the Invesco managers, companies that develop and provide the infrastructure behind the virtual worlds in particular could benefit from the growth in the market. The experts assume that with a stable technical substructure, the digitalization of experiences and goods is easy.
Trillion-dollar potential for metaverse industry
The Metaverse area, which was recently also mainly due to the renaming of the Facebook group to Meta Platforms and its ambitious plans to build a virtual world, but also due to the trend towards non-fungible tokens (NFTs) and blockchain solutions in the focus of the Investors could grow significantly over the next few years, according to Roberts. “It is estimated that virtual and augmented reality-related applications could boost the growth of the global economy by 1.4 trillion British pounds by 2030,” the financial portal “Institutional Money” quoted the fund manager as saying. “The Metaverse applications in the entertainment industry are becoming better known. Furthermore, the interconnectivity enabled by the Metaverse can be expected to transform industries as diverse as healthcare, logistics, education and sports. From the investment opportunities it creates revealed, we aim to profit with a highly selective, valuation-aware approach.”
Already several Metaverse funds on the market
The trend towards virtual worlds has long since gone beyond startups and the NFT scene. In addition to Meta, the tech giants Apple, Microsoft and NVIDIA are also working on their own solutions that are intended to merge the real and virtual worlds. A study by the market research company Gartner recently confirmed that the Metaverse has a long-term market position, even if the development of the web trend is still in a very early phase. Experts say it will be another ten years before the concept is ready for the market.
“At Invesco, we always have one goal in mind: to offer our clients first-class solutions to take advantage of exciting investment opportunities – and the Metaversum is clearly one of them,” says Sascha Specketer, who heads the DACH area at Invesco. In the financial world, however, the Metaverse has already arrived before Invesco’s commitment: According to “Blockchain News”, Meta not only set up a USD 50 million fund in September 2021 to ensure the responsible development of its own virtual world, but also the HBAR Foundation committed $250 million to a Metaverse fund in April to help leverage Hedera Hashgraph’s Metaverse environment for consumer brands. According to Finextra, AXA, Fidelity and HSBC already offer similar Metaverse funds for investors, as Invesco is now doing.
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