Invesco unveils metaverse-focused investment fund


Invesco, a global asset manager that has over $1trn of assets under management, has introduced an investment fund focused on the metaverse, according to Finextra.

The Invesco Metaverse Fund is an actively-managed equity investment vehicle, that the company claims will focus on the metaverse value chain.

The fund will be headed by Tony Roberts and James McDermottroe, who are both part of Invesco’s UK-based Asia and emerging markets team.

Roberts claims that the fund launch was inspired by the positive forecasts surrounding the growth of the metaverse.

Roberts said, “It has been estimated that, by 2030, virtual and augmented reality could deliver a £1.4 trillion boost to the global economy. 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.

“We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach.”

The fund will focus on seven key areas including operating and computer systems, hardware and devices that provide access to the metaverse, immersive platforms developed with AI, blockchain and services and assets designed to facilitate the digitisation of the real economy.

KPMG has become the latest financial institution to enter the metaverse with the launch of a collaboration hub.

This collaborative hub has been launched by KPMG US and KPMG Canada.

In this hub, employees, clients and communities can connect, engage and explore opportunities for growth across industries and sectors.

KPMG claims this hub is the next step to lead their people and clients into Web 3.0.

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