Investment Management Giant Invesco Launches Metaverse Fund – Chris Sloley of Citywire reported on Monday that the fund manager Invesco (NYSE: IVZ) has introduced a metaverse fund. The Invesco Metaverse Fund, according to the report, will make investments in small, medium, and large-cap companies all over the world that are focused on metaverse technologies like virtual worlds, non-fungible tokens (NFTs), augmented reality, play-to-earn (P2E) gaming, and artificial intelligence (AI).
According to Sloley’s report, Invesco fund manager Tony Roberts and deputy fund manager James McDermottroe would oversee the management of the fund. According to Roberts, there are a number of predictions about the metaverse’s future expansion that are extremely optimistic.
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“It has been estimated that, by 2030, virtual and augmented reality could deliver a £1.4 trillion boost to the global economy,” Roberts said on Monday. According to Invesco, its total assets were $1.44 trillion as of July 31. Following a surge of businesses and organizations entering the metaverse this year, Invesco announced the creation of a metaverse fund.
For instance, a recent news highlighted the signing of a Memorandum of understanding by South Korean electronics giant Samsung with a dozen companies to introduce the “Galaxy NFT (non-fungible token) ecosystem.” The Invesco metaverse fund, according to the report released on Monday, wants to profit from the technologies enabling interconnectivity and virtual worlds.
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Investment Management Giant Invesco Launches Metaverse Fund – Roberts said in a discussion of the Invesco metaverse fund that “While the metaverse’s applications to entertainment are increasingly well-understood, the interconnectivity that it enables will likely have a transformative impact across industries as diverse as healthcare, logistics, education, and sport,” The Invesco fund manager continued, “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach.”
