Invesco Launches Metaverse Fund: Expanding Investment Opportunities

Invesco, a leading U.S. asset management firm with $1.5 trillion in assets under management and a presence in over 20 countries, is gearing up to launch the Invesco Metaverse Fund.

This fund will invest in a diverse range of companies within the global metaverse ecosystem, reflecting the growing popularity and investment momentum in the metaverse universe.

As reported by Citywire, the Luxembourg-registered company will target seven key areas with this fund. These areas include next-generation operating and computing systems, hardware and devices enabling access to the metaverse, advanced networks for hyperconnectivity, immersive platforms powered by artificial intelligence, blockchain technology, interoperability exchange tools, and services that support the digitization of the real economy.

The fund will be co-managed by Tony Roberts and James McDermottroe, both part of the UK-based Asia and Emerging Markets Equities team at Invesco. Their joint expertise will steer the Invesco Metaverse Fund, marking Invesco’s strategic move into the rapidly expanding metaverse sector.

Launched the world’s largest blockchain EFT

In March 2019, Invesco made a significant move by launching the world’s largest blockchain ETF on the London Stock Exchange. This step underscored the company’s commitment to innovative financial products.

Furthermore, in September of the previous year, Invesco partnered with Galaxy Digital, a move aimed at developing a series of ETFs linked to cryptocurrencies. This partnership highlights Invesco’s ongoing strategy to integrate cutting-edge technology and digital assets into its investment offerings.

$1.6 trillion potential

Fund manager Roberts has proposed that by 2030, virtual and augmented reality technologies could contribute a substantial $1.6 trillion to the global economy.

He highlights that while the metaverse is expected to gain widespread adoption primarily in entertainment applications, its potential extends far beyond.

According to Roberts, the interconnected nature of the metaverse could have a transformative impact on a variety of sectors, including health, logistics, education, and sports, revolutionizing how these industries operate and interact.

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