The Invesco Metaverse Fund is going to invest in large, medium, and small-cap companies all over the world, specifically in the United States of America, Asia, and Europe. This will include firms whose stocks are associated with companies that help enable or construct immersive virtual worlds or benefit from their growth.
Both Tony Roberts, who serves as the fund manager, and James McDermottroe, who serves as the deputy fund manager, are members of the Asia & Emerging Markets equities team at Invesco and are responsible for managing the fund jointly.
According to Roberts’ research, “it has been anticipated that by the year 2030, virtual and augmented reality might offer a £1.4trn boost to the world economy.”
“Even while the applicability of the metaverse to the entertainment industry are becoming increasingly clear, the interconnection that it enables is expected to have a profound impact on fields as varied as healthcare, logistics, education, and sport. We will approach these prospects with a mindset that is both very selective and valuation-conscious in order to maximize our potential return on investment.”
The fund will make investments in seven key thematic areas, including computer systems and operating systems for the next generation, hardware and devices that provide access to the Metaverse, networks for hyperconnectivity, immersive platforms developed with artificial intelligence, blockchain technology, the interchange tools necessary to bring about interoperability, and services and assets that will facilitate the digitization of the real economy.
The performance of the fund will be assessed against the MSCI AC World benchmark, and the management fee for the fund’s z share class in the UK will be 0.75 percent of the fund’s total assets
Alexander Millar, head of UK distribution at Invesco, stated that “as Invesco, we will always try to give clients best-in-class solutions to help exploit interesting prospects,” and that “the Metaverse is surely one of them.”
“Our seasoned Asia and Developing Markets team is especially well-placed to choose the winners of this emerging global megatrend thanks to its disciplined and strong, fundamental approach.”