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

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

$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.

A little over a year ago, Invesco deposit for one 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.

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check price action

follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Blend

Check the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/JLStock


Please enter your comment!
Please enter your name here