news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

No Result
View All Result
news4global
No Result
View All Result
Home Market

Metaverse funds top $2bn as Fidelity, LGIM, Franklin chase ‘theme du jour’

September 20, 2022
Reading Time: 3 mins read
0
Metaverse funds top $2bn as Fidelity, LGIM, Franklin chase ‘theme du jour’
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Funds investing in the metaverse are now managing more than $2bn globally, as a flurry of launches from some of Europe’s biggest asset managers look to take advantage of a hot investment trend.

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Japan's Largest Bank MUFG Facilitates Domestic Banks to Issue … – Investing.com India

June 4, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

ChatGPT Price Prediction: CFX and COLT to Outperform BTC – Analytics Insight

June 3, 2023

Data from Morningstar, provided to Financial News, shows a sharp increase in assets managed by funds focused on immersive virtual worlds, as well as in the number of new products launched over the past 12 months.

There were 39 metaverse funds that oversaw assets of just over $2bn worldwide as of the end of July, according to Morningstar, up from $179m across just six funds as of the end of August 2021.

Total assets peaked at $2.6bn at the end of March, but have since dipped.

Investors have ploughed almost $500m into metaverse funds so far this year, with the world’s biggest managed by US-based Roundhill Investments.

READ Metaverse market could swell to $13tn, Citi says

The bumper haul comes as powerhouses including Fidelity International, Franklin Templeton and Legal & General Investment Management all launched metaverse exchange-traded funds targeting European investors in the past month.

Earlier this year Goldman Sachs said the market could grow to some $8tn.

“The metaverse has become one of the themes du jour,” said Kenneth Lamont, a senior research analyst at Morningstar.

Franklin’s metaverse ETF tracks the Solactive Global Metaverse Innovation Net Total Return Index, made up of companies that have or are expected to have significant exposure to the metaverse, and those supporting blockchain technologies.

Dina Ting, head of global index portfolio management at Franklin Templeton, said big technology companies have started to focus on the metaverse “for their next major area of development in the same way that many did at the inception of the internet”.

“We believe that investment in the metaverse and its rising sophistication bode well for the next iteration of the internet, which could profoundly impact societies and global economic growth,” said Ting.

Meanwhile, LGIM, the UK’s largest asset manager, launched its Metaverse ESG exclusions ETF.

LGIM said the fund offers investors exposure to “innovative companies developing and driving revenues from the core technologies needed to deliver the metaverse, the next frontier of the internet”.

This includes a focus on high performance computing and data, as well as the so-called internet of things, and augmented and virtual reality.

Fidelity, LGIM and Franklin are not the only asset managers to have a bullish outlook on the metaverse.

BlackRock — the world’s biggest fund manager — is also sizing up opportunities.

“We know it is going to be big, and it is going to change people’s day-to-day lives,” Nigel Bolton, co-chief investment officer for BlackRock Fundamental Equities, wrote in a January report.

Despite growing excitement among fund managers, however, Morningstar’s Lamont warned investors “should look beyond a strong narrative” when selecting thematic funds, as there is no market standard for how themes should be defined or tracked. Each thematic fund takes a different approach, he said.

“Even funds that claim to track similar themes can have surprisingly little overlap in holdings,” he said.

READ Funds hunt for real returns in race to the metaverse

“The wide range of approaches allows investors the freedom to choose the most appropriate solution for themselves but also creates an additional due diligence and ongoing monitoring burden.”

Chris Chancellor, a senior director for global insights at data provider Broadridge, said there was increased interest among fund selectors about gaining exposure to the metaverse.

“The majority of their comments suggest some interest, but there are also those that worry that this is too narrow and a fad,” said Chancellor.

“On the whole, selectors like innovation, and fund flows show that new funds are extremely important for the industry – especially in difficult years.”

Chancellor was doubtful about whether metaverse funds would generate “huge flows this year”, with the big thematic winners more likely to be funds focused on clean energy, food and infrastructure.

“However, new ideas that capture the imagination and give distributors new angles of discussion with clients are always welcome — the key for managers will be showing this is a theme that can persist and has enough of an investment remit to be diversified,” he said.

To contact the author of this story with feedback or news, email David Ricketts

Tags: applenewsasset managementC&E Industry News FilterContent TypescorporateCorporate/Industrial NewsFactiva Filtersfidelity internationalFinancial Servicesfinancial vehiclesfranklin templetonfundsindustrial newsinvestingInvesting/SecuritieslgimManagementmetaversenew productsNew Products/ServicesnewsOnline Service ProvidersproductsProducts/ServicessecuritiesservicessyndTechnologytrustsTrusts/Funds/Financial VehiclesVirtual Reality Technologies
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Japan's Largest Bank MUFG Facilitates Domestic Banks to Issue … – Investing.com India

by admin
June 4, 2023
0

Japan's Largest Bank MUFG Facilitates Domestic Banks to Issue ...  Investing.com India

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

ChatGPT Price Prediction: CFX and COLT to Outperform BTC – Analytics Insight

by admin
June 3, 2023
0

ChatGPT Price Prediction: CFX and COLT to Outperform BTC  Analytics Insight

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto addiction creates doubts over how to regulate digital trading – Financial Times

by admin
June 2, 2023
0

Crypto addiction creates doubts over how to regulate digital trading  Financial Times

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Zurich Art Week Will Be All About A.I., With Tech-Centered Art Shows, Talks, and Events Across the City. Here Are Our Top Picks – artnet News

by admin
June 2, 2023
0

Zurich Art Week Will Be All About A.I., With Tech-Centered Art Shows, Talks, and Events Across the City. Here Are...

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

$TURBO Creator Faces Backlash for New ChatGPT Memecoin … – nft now

by admin
June 1, 2023
0

$TURBO Creator Faces Backlash for New ChatGPT Memecoin ...  nft now

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Zelensky Signals Next Phase of Ukraine War Will Be Grim

Zelensky Signals Next Phase of Ukraine War Will Be Grim

June 4, 2023
Hong Kong Remembered June 4 Tiananmen Massacre, Until It Couldn’t

Hong Kong Remembered June 4 Tiananmen Massacre, Until It Couldn’t

June 4, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Cryptocurrency Price Today: Bitcoin Remains Above $27,000 Mark As Terra Classic Becomes Top Gainer – ABP Live

June 4, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Elliptic integrates ChatGPT to bolster crypto risk detection – Cointelegraph

June 4, 2023

Latest News

Zelensky Signals Next Phase of Ukraine War Will Be Grim

Zelensky Signals Next Phase of Ukraine War Will Be Grim

June 4, 2023
Hong Kong Remembered June 4 Tiananmen Massacre, Until It Couldn’t

Hong Kong Remembered June 4 Tiananmen Massacre, Until It Couldn’t

June 4, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global