According to a report by Citywire released yesterday, the investment management giant, Invescoofficially launched a fund Metaverse. Indeed, it will invest in large, mid and small capitalization companies that have extended their operations to virtual reality. Also, Tony Roberts and James McDermottroe of the company would manage the fund.
Launch of a fund focused on Metaverse
According to an article by Citywirethe multinational investment company Invesco is the last major entity to join the club Metaverse. It has launched a fund that will invest in American, Asian and European companies active in the field of virtual reality.
Otherwise, Tony Roberts will serve as program manager, while james McDermottroe will serve as associate fund manager. Both executives are part of the Asia & Emerging Markets Equities team atInvesco UK based.
The bottom Invesco Metaverse will focus on several strategic areasincluding next-generation operating and computing systems, networking hyper-connectedimmersive platforms for artificial intelligence development and access to hardware and devices Metaverse.
Commenting on the initiative, Roberts predicted that virtual and augmented reality could add $1.6 trillion to the global economy by 2030.
“If the applications of the Metaverse in entertainment are increasingly understood, the interconnection it enables is likely to have a transformative impact on industries as diverse as healthcare, logistics, education and sports. We will seek to take advantage of these opportunities through a very selective approach and mindful of the importance of valuation,” he added.
For his part, the person responsible for the distribution ofInvesco UKAlexander Millarsaid the investment giant always strives to provide “best in class” solutions to its clients, and Metaverse is definitely one of those options.
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The efforts ofInvesco on the AND F cryptographic
In 2021, the investment company announced its intention to launch 2 exchange-traded funds (AND F) cryptocurrency focused : I’Invesco galaxy Crypto AND F Economy and theInvesco galaxy blockchain Economy AND F.
However, at the end of the year, the company withdrew its plans, accusing the SEC of inappropriate rules. Anna PagliaGlobal Head of Strategy AND F and index at Invescoalso said the product was too “expensive” for investors. After a few days, the entity has listed one AND N Bitcoin Spot on German stock exchange operator “ Xetra” . This product, called AND N ” Invesco Physical Bitcoin”, offers “physically secure access to the performance of bitcoin.”
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