Investment Management Giant Invesco Launches Metaverse Fund – Metaverse Bitcoin News

Investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, according to a detailed Citywire report on Monday. “We will seek to exploit these opportunities through a very selective and valuation-conscious approach,” explained Tony Roberts, Invesco’s fund manager.

Invesco unveils Metaverse Fund: investment manager plans to invest in small, medium and large capitalization startups

Citywire’s Chris Sloley released a report on Monday explaining that fund manager Invesco (NYSE: IVZ) had launched a metaverse fund. According to the report, the metaverse fund Invesco will invest in small, mid and large caps around the world dedicated to metaverse technologies such as virtual worlds, non-fungible tokens (NFT), augmented reality, game-to-win (P2E) games and artificial intelligence. (TO THE).

Sloley’s report notes that the fund will be managed by Invesco fund manager Tony Roberts and assistant fund manager James McDermottroe. Roberts explained in detail that there are very optimistic predictions regarding the future growth of the metaverse. “It has been 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 it holds $ 1.44 trillion in assets under management (AUM).

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The news on the Invesco metaverse fund follows a number of companies and organizations that have ventured into the metaverse this year. For example, a report recently detailed that South Korean electronics giant Samsung signed a memorandum of understanding (MOU) with half a dozen companies to launch the “Galaxy NFT. [non-fungible token] ecosystem”. According to the report released on Monday, the Invesco metaverse fund aims to capitalize on technologies that open doors to virtual worlds and interconnectivity.

“As the applications of the metaverse to entertainment are increasingly understood, the interconnectivity it enables will likely have a transformative impact on sectors as diverse as healthcare, logistics, education and sports,” said Roberts discussing the Invesco metaverse fund. “We will seek to exploit these opportunities through a very selective and valuation-conscious approach,” added fund manager Invesco.

Keywords in this story

ai, Augmented reality, AUM, Blockchain, Crypto, crypto technology, fund manager, Invesco, investment fund, Investments, James McDermottroe, Metaverse, Metaverse Fund, Metaverse Growth, metaverse technology, NFT, P2E Gaming, Samsung, Startup, Tony Roberts, Virtual Reality

What do you think of the Invesco investment manager launching a metaverse fund? Let us know what you think about this topic in the comments section below.


Jamie Redman

Jamie Redman is the News Manager of News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,700 articles for News on the disruptive protocols emerging today.

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