Asset management giant Invesco has launched a metaverse fund as it sees a particularly large opportunity in companies developing the infrastructure required for the space to reach its true potential. The actively managed fund will invest in companies of all sizes across the US, Asia and Europe and will be available to investors in 14 European countries.

Tony Roberts and James McDermottroe, members of Invesco’s UK-based Asia and emerging markets equities team, will co-manage the fund, the firm revealed Monday. The fund focuses on seven areas, one of which is blockchain. It also is set to invest in devices that offer access to the metaverse, tools allowing interoperability and services that will facilitate the digitization of the real economy. The fund group partnered with Elwood Asset Management in March 2019 to launch a blockchain ETF on the London Stock Exchange. #Web3GrandPappa

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