Invesco Launches Metaverse ETF For European Investors

of Invesco new metaverse The fund will allow European investors to invest in Metaverse startups.

Asset management giant Invesco has launched a tool that will make it easier for investors to invest directly in Metaverse projects. ETF is starting.

The fund, which will be actively managed by Invesco, will invest in Metaverse projects around the world.

According to the company’s statement on Monday, the Metaverse fund will be led by Tony Roberts and James McDermottroe, the company’s UK-based emerging stock market experts.

Tony Roberts, in his statement, emphasized that he predicts that virtual reality will create 1.4 trillion pounds worth of space in the global economy by 2030.

“As entertainment spaces in the Metaverse universe are explored more and more deeply, the new virtual universe is highly likely to have a transformative impact on various industries such as healthcare, logistics, education and sports. With our new ETF, we will try to seize these opportunities with a valuation-conscious approach.”

Fund, blockchain It will focus on 7 areas in total. New Metaverse ETF; It will be open to investors in the UK, Germany, France, Netherlands, Finland, Czech, Sweden, Austria, Belgium, Italy, Luxembourg, Norway, Slovakia and Spain.

Invesco Focuses on Cryptocurrency and Blockchain

Total assets managed by Invesco reached approximately $1.4 trillion as of last month. The giant fund group formed a partnership with Elwood Asset Management in March 2019 to launch a blockchain ETF on the London Stock Exchange.

The company announced in September of 2021 that it had formed a collaboration with Galaxy Digital to create a physically backed digital asset ETF. Then in October 2021, the Invesco Alerian Galaxy Crypto Economy ETF was launched.