Fund provider announces new metaverse strategy designed to deliver ‘pure-play’ exposure to Ucits fund buyers..
ETF provider HANetf has teamed up with ETC Group to launch Europe’s first metaverse thematic ETF.
The Ucits Metaverse ETF will track the Solactive ETC Group Global Metaverse index, which aims to give European investors access to what the firms describe as wide-scale, long-term investment opportunities.
It will be listed on the London Stock Exchange during March 2022 and will be passported for sale across Europe.
The ETF will provide pure-play exposure to the metaverse industry, including companies active in VR/AR, 3D graphics, semiconductors, high-speed wireless communications, online gaming, video streaming, blockchain technologies including non-fungible tokens and digital land, as well as connected cloud, file, and data storage.
Solactive is an index provider that uses leading alternative data and methods such as AI and state-of-the-art calculation engines to develop custom indices.
While still in its infancy, the metaverse has already attracted billions of dollars of investment, with the potential of €7.5tn total consumer expenditure in the US alone and a potential market size of €10.8tn globally, according to Morgan Stanley and Goldman Sachs.
Bradley Duke, ETC Group founder and Co-CEO said: ‘The metaverse has been hard for investors to avoid. It has gone from an obscure, theoretical idea to being variously described as everything from the evolution of virtual reality to the next iteration of the internet.’
The launch marks the latest collaboration between HANetf and ETC Group, which last year launched the ETC Group Digital Assets & Blockchain Equity Ucits ETF (KOIN) that provides pure-play exposure to digital assets and blockchain ecosystem companies such as cryptocurrency miners and cryptocurrency trading and exchanges.
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