If there’s a trending sector that you want to invest in, Betashares probably has an ETF for it.
The ETF provides investors exposure to a portfolio of leading global companies involved in the metaverse, including:
Providers of 3D modelling
Designers and manufacturers of virtual and augmented reality hardware
Providers of artificial intelligence services
Companies that sell advertising in the Metaverse
Companies involved in digital currencies and assets in the Metaverse
“As the Metaverse evolves, consumers are expected to spend more and more time in virtual worlds, and businesses will increasingly have to establish and maintain a 3D, digital presence inside these worlds,” said Betashares.
The ETF holds 32 companies, most of them are US-listed. Here's a list of its top 10 holdings as at 31 July 2022.
Metaverse game development
Hardware supporting metaverse applications
Software solutions to create and run 3D content
Metaverse hardware and software
Augmented reality apps
Microsoft Teams metaverse, hardware
Game developer positioned to enter the metaverse
Metaverse to build on streaming and theme park experiences
Ventures into NFTs, blockchain and metaverse games
Investments into AI gaming
In short - this 'Metaverse ETF' is just a fancy Nasdaq with a 0.69% per annum management fee slapped on top.
The idea of investing in the Metaverse is often to invest in risky, high growth companies that either sink or far outperform the market.
Though, this ETF is more like a list of top blue-chip US tech companies with some metaverse side hustle. But then again, the intention here is to provide investors with exposure to "leading global companies", not microcaps stocks.
Finance Writer & Social Media
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