(Stockbroker.com) — Invesco announced the launch of ‘Invesco Metaverse’, an actively managed international equity fund that provides investors with exposure to growth-oriented opportunities in the Metaverse.
The Invesco Metaverse Fund invests in large, mid and small cap companies across the Metaverse value chain, which includes many distinct and interrelated sectors that help facilitate, create or benefit the growth of immersive virtual worlds. The portfolio is geographically diversified with companies based in the US, Asia, Japan and Europe. The fund is not managed against a benchmark, its performance is compared to the benchmark MSCI AC World Index (Net Total Return).
The fund will be jointly managed by Tony Roberts, manager, and James McDermottrow, deputy manager, who are both part of Invesco’s UK-based Asia and Emerging Markets Equities division.
“It is estimated that, by 2030, virtual and augmented reality could generate 1600 billion euros in the global economy, announced Tony Roberts, manager of Invesco. Better understood, the interconnections it enables can have a diverse impact on sectors. Health, logistics, education and sports. We will try to capitalize on these opportunities through being highly selective and evaluation conscious.”
Thematically, the fund will focus on seven areas:
next-generation computing and operating systems;
hardware and devices providing access to the Metaverse;
network for hyper connectivity;
Immersive platforms are built with artificial intelligence;
necessary exchange tools to ensure interoperability;
Services and resources that will facilitate the digitization of the real economy.
The investment relates to the acquisition of units of an actively managed fund and is not a given underlying.
The team believes that there are exciting opportunities for businesses within these seven sub-segments beyond the well-known Metaverse platform. At this early stage, the greatest opportunity exists for those involved in developing the infrastructure necessary for the metaverse to reach its true potential. Real-world experiences and products can then be digitized, allowing users to seamlessly switch between experiences. We think this opportunity is too big for companies to ignore.
Jocelyn Hobson, Invesco France Distribution Manager added, “At Invesco, we always strive to provide the best solutions to help our clients exploit exciting opportunities and Metaverse is certainly one of them.” Our Asia and emerging markets team’s experience uniquely positions it with a disciplined and robust fundamental approach to this emerging global megatrend.”