Axa Investment Managers has launched a fund that invests in companies that play a role in the metaverse. The Axa WF Metaverse fund is an actively managed multi-cap equity fund that invests in developed and emerging markets.
Pauline Llandric, as well as co-managers Tom Riley and Jeremy Gleeson, who handle AXA IM’s robotech and digital economy strategies, will manage the fund, which will invest in 40-60 firms that play a role in the convergence of the digital and physical worlds.
The metaverse is a digital environment that uses augmented and virtual reality to create 3D virtual worlds.
The industry, according to Llandric, is in the early phases of a long-term trend that is fast growing. He stated, “Revolutionary and cutting-edge technical breakthroughs have revolutionized the way we live, socialize, work, and conduct business.”
“The metaverse is the meeting of virtual and real worlds, where more technology is stacked on top of ordinary life, and the internet’s expansion connects people, places, and things.”
“The metaverse is where the virtual and physical worlds collide, with more technology stacked on top. The manager of the AXA WF Metaverse fund, Pauline Llandric, had this to say about the launch: “We’re in the early phases of a fast-growing trend, with a diverse set of firms and prospects emerging. The way we live, talk, work, and conduct business has all been transformed by technological advancements. The metaverse is the meeting of the virtual and physical worlds, with technology more incorporated into daily life and the expansion of the internet that connects people, places, and things.”
The metaverse universe currently consists of approximately 250 stocks
There are about 250 stocks in the metaverse universe right now. Based on basic research and the stock selection process6, AXA IM will choose those deemed most appropriate.
Pauline Llandric, who runs AXA IM’s AXA WF Framlington Robotech and AXA WF Framlington Digital Economy funds, is the Fund’s manager. Tom Riley and Jeremy Gleeson, who oversee AXA IM’s AXA WF Framlington Robotech and AXA WF Framlington Digital Economy funds, respectively, are co-managers.
Professional and retail clients in France, Belgium, Denmark, Spain, Finland, Austria, Germany, Italy, the Netherlands, Norway, Sweden, and the United Kingdom will be able to use it.