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The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed on Monday. \u201cWe will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach,\u201d Tony Roberts, Invesco\u2019s fund manager, explained.<\/strong><\/p>\n On Monday, Citywire\u2019s Chris Sloley published a report explaining that the fund manager Invesco<\/a> (NYSE: IVZ<\/a>) launched a metaverse fund. According to the report<\/a>, the Invesco metaverse fund will invest in small, medium, and large-cap companies worldwide that are dedicated to metaverse technologies like virtual worlds, non-fungible tokens (NFTs), augmented reality, play-to-earn (P2E) gaming, and artificial intelligence (AI).<\/p>\n Sloley\u2019s report notes that the fund will be managed by Invesco\u2019s fund manager Tony Roberts and the deputy fund manager James McDermottroe. Roberts detailed that there are some very optimistic predictions surrounding the metaverse\u2019s future growth. \u201cIt has been estimated that, by 2030, virtual and augmented reality could deliver a \u00a31.4 trillion boost to the global economy,\u201d Roberts said on Monday. As of July 31, Invesco disclosed<\/a> it had $1.44 trillion in assets under management (AUM).<\/p>\n The Invesco metaverse fund news follows a slew of companies and organizations<\/a> getting into the metaverse this year. For instance, a report<\/a> recently detailed that the South Korean electronics giant Samsung signed a memorandum of understanding (MOU) with a half dozen firms to launch the \u201cGalaxy NFT [non-fungible token] ecosystem.\u201d According to the report published on Monday, the Invesco metaverse fund aims to capitalize on the technologies opening the door to virtual worlds and interconnectivity.<\/p>\n \u201cWhile the metaverse\u2019s 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,\u201d Roberts remarked while discussing the Invesco metaverse fund. \u201cWe will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach,\u201d the Invesco fund manager added.<\/p>\nInvesco Reveals Metaverse Fund \u2014 Investment Manager Plans to Invest in Small, Medium, Large-Cap Startups<\/h2>\n