Invesco Launches Metaverse Fund To Invest In Startups

According to news sources on Monday, the world’s largest investment management company, Invesco, has established a Metaverse fund that would invest in companies using Metaverse technology. Invesco Fund Manager Tony Roberts stated they would try to take advantage of these possibilities by using an extremely selective market capitalization strategy. Invesco Metaverse Fund The global asset management company Invesco announced the formation of an investment fund targeted at enterprises in the metaverse. About $30 million will be invested in major, medium, and small-cap enterprises along the Metaverse Value Chain. The fund will invest in businesses in Asia, Europe, and the USA, including shares of firms engaged in the development and utilization of immersive virtual worlds. James McDermottroe, a deputy fund manager, and Tony Roberts, a fund manager, will each oversee a portion of it. Fund Manager Tony Roberts said, “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 sports. We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach.” Investment in 7 Thematic Areas of Industry The fund will invest in seven industry-related theme areas: Hardware and devices that provide access to the Metaverse Next-generat...