Invesco’s $5 Trillion Thematic Metaverse Fund is Sending Waves of Hope Across the Industry

Invesco comes into the limelight after announcing a $5 Trillion metaverse-themed fund. With this move, Invesco becomes a part of a larger group of fund managers exploring and supporting organizations working in the Web3 space.

Aug 23, 2022
by Anvi Saini
Invesco’s $5 Trillion Thematic Metaverse Fund is Sending Waves of Hope Across the Industry
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Invesco will look at seven thematic segments in the Web3 space, including immersive technologies, hyperconnectivity networks, and blockchain. 

Taking Advantage of the Rapid Growth

The Web3 space is proliferating, and Invesco wants to harness this opportunity. In the past, several other investment management companies have created funds to support projects in this industry. Invesco’s fund will allocate capital to small, medium, and large-cap companies. 

For now, companies from the US, Asia, and Europe are allowed to take the investments. It will support organizations working in next-gen computer systems, hardware, advanced devices like VR and AR headsets, and power hyperconnectivity networks. 

Tony Roberts and James McDermottroe, fund manager and deputy fund manager at Invesco, will manage this fund. Both of them are also members of Invesco’s Asia and Emerging Markets team. 

Tony Robers adds, “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 capitalize on these opportunities through a highly selective, valuation-conscious approach.” 

The Invesco fund is also measured against the MSCI AC World to identify the Net Total Return benchmark. Plus, it will also attract a management fee of 0.75%. 

Metaverse is a Trillion-Dollar Economy

According to McKinsey, the metaverse industry will be worth $5 trillion by 2030. However, Citi finds this figure to be an enormous $13 trillion, and Morgan Stanley & Goldman Sachs projects the industry value to be $8 trillion. These projects take into account the industry’s growth in the next eight to ten years. 

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