Investment manager

$1,610,000,000,000 Investment Manager Launches New Metaverse Fund: Report

Atlanta, Georgia-based investment management giant Invesco is unveiling a metaverse-focused equity fund, according to a report by UK publication Citywire.

The report says Invesco is creating a fund that will invest in metaverse-focused companies ranging in size from small to large cap.

Companies in the immersive virtual world sector targeted by Invesco are based in the United States, Europe and Asia, according to the report.

Citing Invesco fund manager Tony Roberts, the report says the metaverse sector could be valued at $1.65 trillion by 2030.

According to Roberts, some of the industries that will be impacted by metaverse technology include education, entertainment, healthcare, logistics, and sports.

“As the applications of the metaverse to entertainment become better understood, the interconnectivity it enables will likely have a transformative impact on sectors as diverse as healthcare, logistics, education and sports.

We will seek to capitalize on these opportunities through a very selective and valuation-conscious approach.

Just over a year ago, Invesco filed a Bitcoin (BTC) exchange-traded fund (ETF) that sought to provide indirect exposure to the flagship crypto asset through exchange-traded products (ETPs). and private investment trusts.

In October, Invesco spear two passively managed ETFs that have focused on digital assets as well as blockchain technology.

At the end of July, Invesco vaunted $1.61 trillion in assets under management.

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