Investment management giant Invesco has launched a Metaverse fund that will invest in countless startups focused on Metaverse technology, Citywire reported in detail on Monday. “We will be looking to capitalize on these opportunities through a highly selective, valuation-focused approach,” explained Invesco’s fund manager Tony Roberts.
Invesco Reveals Metaverse Fund – Investment Managers Plan to Invest in Small, Medium and Large-Scale Startups
On Monday, Citywire’s Chris Sloley published a report explaining that fund manager Invesco (NYSE: IVZ) has launched a Metaverse fund. According to the report, Invesco Metaverse Fund will invest in small and medium-sized and large-scale companies around the world dedicated to Metaverse technologies, such as virtual worlds, non-fungible tokens (NFTs), augmented reality, games to make money (P2E) games and artificial intelligence Intelligence (AI).
The Sloley report noted that the fund will be managed by Invesco fund manager Tony Roberts and associate fund manager James McDermottroe. Roberts detailed some very optimistic predictions surrounding the future growth of the metaverse. “It is estimated that virtual and augmented reality could provide a £1.4 trillion boost to the global economy by 2030,” Roberts said on Monday. As of July 31, Invesco disclosed that its assets under management (AUM) were $1.44 trillion.
The Invesco Metaverse Fund news comes after a large number of companies and organizations have entered the Metaverse this year. For example, a recent report detailed that South Korean electronics giant Samsung signed a memorandum of understanding (MOU) with six companies to launch the “Galaxy NFT”. [non-fungible token] ecosystem. According to the report released Monday, the Invesco Metaverse Fund aims to capitalize on technologies that open doors to virtual worlds and interconnections.
Discussing the Invesco Metaverse Fund, Roberts said: “While Metaverse is becoming more widely known for its use in entertainment, the interconnectivity it enables could have a transformative impact on industries as diverse as healthcare, logistics, education and sports. “We will seek to capitalize on these opportunities through a highly selective, valuation-focused approach,” added the Invesco fund manager.
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