Investment management giant Invesco has launched a fund to invest in large, medium, and small-cap companies focused on metaverse technology.

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The Invesco Metaverse Fund is registered in Luxembourg and will focus on seven key areas, according to a report by Citywire. These include next-generation operating and computer systems; hardware and devices that provide access to the metaverse; networks for hyper-connectivity; immersive platforms with artificial intelligence; blockchain; interchange tools enabling interoperability; and services and assets that facilitate the digitisation of the real economy.

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Fund manager Tony Roberts and deputy fund manager James McDermottroe will jointly manage the fund. Roberts, who oversees Asia-focused equity strategies at the group, said on Monday that virtual and augmented reality could be a £1.4trn market by 2030.

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"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,” he said. “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach."  

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