The American investment management company – Invesco – reportedly launched a Metaverse fund, which will invest in large, medium, and small-cap firms that have stretched their operations to the virtual reality.
Tony Roberts will act as Manager of the feature, while James McDermottroe will serve as a Deputy Fund Manager. Both executives are part of Invesco’s UK-based Asia & Emerging Markets equities team. “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,” he added.