• Invesco launches the Metaverse Fund
• Focus on seven core areas
• Anticipating a strong growth boom until 2030
Invesco launches Metaverse chests
Invesco Asset Manager offers its clients a wide range of financial products, consisting of various funds and trusts in which institutional and private investors can invest. Overall, the company manages approximately $1.6 trillion in assets. Invesco has now introduced a new financial product: the Invesco Metaverse Fund. According to “Deutsche Finanz Presse Agentur”, the new fund was launched on August 22, 2022 and is aimed at pan-European investors. The trend fund is actively managed by Invesco’s Asia and Emerging Markets professionals Tony Roberts and James McDermotro.
“One of the greatest revolutions since the invention of the World Wide Web”
“It is not just a new stage in digital development, it is, in our opinion, one of the greatest revolutions since the invention of the World Wide Web.” This is how Invesco defines metaverse hype on the part of the company. “Welcome to the Metaverse, the virtual place where the real and digital worlds fade away and open up a new way for us to live, work and invest.” The Invesco Metaverse Fund is headquartered in Luxembourg and contains small, medium and large companies from the USA, Asia, Japan and Europe that are active in the Metaverse region by developing virtual worlds themselves, providing them with the necessary structure or from the success of this feature. According to the DFPA, fund managers want to support seven core areas: modern computer systems, hardware with access to the metaverse, hyperconnection networks, AI-based immersive platforms, blockchain, interface tools, and investment products that can digitize the real economy.
According to Invesco managers, companies that develop and provide infrastructure beyond virtual worlds in particular can benefit from market growth. Experts assume that with a stable technical infrastructure, Digitization From experiences and goods is easy.
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Trillion dollar potential for metaverse industry
The Metaverse area, which was also recently due to the rebranding of the Facebook group to Meta Platforms and its ambitious plans to build a virtual world, but also due to the trend towards non-fungible tokens (NFTs) and blockchain solutions in focus could grow from investors exponentially over the next few years, according to for Roberts. “It is estimated that applications related to virtual and augmented reality could boost the growth of the global economy by 1.4 trillion pounds by 2030,” the financial portal, Institutional Money, quoted the fund manager as saying. “Metaverse applications in the entertainment industry are becoming better known. Furthermore, the interconnectivity afforded by the Metaverse can be expected to transform industries as diverse as healthcare, logistics, education and sports. From the investment opportunities the outcome creates, we aim to profit with a highly selective and valuation-friendly approach. “.
Already many Metaverse chests on the market
The trend towards virtual worlds has long overtaken startups and the NFT scene. In addition to Meta, technology giants Apple, Microsoft and NVIDIA are also working on their own solutions aimed at integrating the real and virtual worlds. A recent study by market research firm Gartner confirmed that Metaverse has a long-term position in the market, even if the development of the web trend is still at a very early stage. Experts say it will take another ten years before the concept is ready for market.
“At Invesco, we always have one goal in mind: to provide our clients with first-class solutions to take advantage of exciting investment opportunities — and Metaversum is clearly one of them,” says Sascha Specketer, who heads up the DACH region at Invesco. However, in the financial world, the Metaverse has already arrived ahead of Invesco’s commitment: According to “Blockchain News”, Meta not only created a $50 million fund in September 2021 to ensure the responsible development of its own virtual world, but the HBAR Foundation also committed $250 million to the Metaverse Fund in April to help leverage Hedera Hashgraph’s Metaverse environment for consumer brands. According to Finextra, AXA, Fidelity and HSBC are already offering similar Metaverse funds to investors, as is Invesco now.
Editorial office finanzen.ch