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Metaverse News Europe


Invesco Unveils Multi-Million Dollar Metaverse Fund

8/22/2022

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The Invesco Metaverse Fund was formally introduced on Aug. 22 to a pan-European audience, according to Citywire Selector.
Invesco, a global investment management company, seeks to make investments in large, midsize, and small-cap firms through the fund, the report noted, while expanding investment exposure to the metaverse. The metaverse-focused equity fund aims to include companies across the segment from the regions of the US, Asia, and Europe. 

Fund to be benchmarked against global equity index
The performance of the fund will reportedly be compared against the global equity index MSCI ACWI (Net Total Return), which represents about 85% of all investible equity opportunities globally.

Tony Roberts as the fund manager, and James McDermottroe as the deputy fund manager, both of whom work for Invesco’s UK-based Asia & Emerging Markets equities team, will jointly manage the fund. Meanwhile, some media reports estimate the fund size to be around $30 million. However, Be[In]Crypto couldn’t verify the fund size at press time.
By 2030, the market for virtual and augmented reality is expected to be worth £1.4 trillion (around $1.6 trillion), according to Roberts, who cited estimates by auditing giant PwC. He explained to Citywire, “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,”

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  • Home
  • News
  • ShortListed Companies
    • Nomination: AI Use Cases
    • Nominations
      • Top Global Event
      • Top Metaverse Platform & Virtual World
      • Top VC or Accelerator
      • Top Blockchain Developer Services Provider
      • Most Impactful Marketing Advertising Campaign
      • Most-promising Corporate VC Investment
      • Top Corporate Partnership
      • Top Legal Firm for Metaverse/Web 3.0 businesses
      • Top Avatar Design Company
      • Top Digital Twin Initiative Enterprise
      • Top Digital Twin Initiative Consumer
      • Top Cloud, Enterprise or Technology Partner
      • Top Partner for establishing early-stage presence in Metaverse
      • Most Innovative NFT Project
      • Top 3D Design Firm for Metaverse
      • Top Fashion Brand Initiative
      • Top Consumer Experience & Entertainment
      • Top Sports Brand Initiative
      • Top Enterprise Productivity initiative
      • Top Digital Payments platform
      • Most Exciting Scale-up Company
      • Top XR AR VR Firm
      • Most Exciting Hardware for Metaverse/Web3
      • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Agenda
    • Venue
      • Hotel Reservation
    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • Sponsorship Options
    • FAQs
    • Brella Event App & Networking
    • 2022 Event
      • VIP Jury
      • Agenda 2022
      • Photos 2022
      • Videos 2022