Invesco launches metaverse fund to tap into ‘£1.4tn opportunity’

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City AM

By Charlie Conchie Investment management firm Invesco has launched a new fund dedicated to metaverse-related equities today as it looks to tap into a “£1.4tn boost to the economy”, the firm said. The Invesco Metaverse fund will invest in large, medium and small-cap companies across the US, Asia and Europe and pump cash into firms creating virtual online worlds. Tony Roberts, who will oversee the fund, said the firm will look to capitalise on a swelling area of the economy. “It has been estimated that, by 2030, virtual and augmented reality could deliver a £1.4trn boost to the global economy,” …

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