FRANKFURT, Germany, March 22, 2022 (Reuters) /PRNewswire/
Roundhill Investments, an ETF sponsor focused on innovative thematic funds, today announced the launch of the Roundhill Ball Metaverse UCITS ETF (METV) on Deutsche Börse Xetra. METV is the first Metaverse ETF to be listed in Germany.
The Metaverse is generally understood as the successor state to today’s mobile Internet, but encompassing a myriad of interoperable and persistent virtual worlds that are also integrated with the physical world, creating a new medium and economy for work. , leisure and innovation. Morgan Stanley and Goldman Sachs have estimated that the metaverse economy will be worth around $8 trillion. Jensen Huang, founder and CEO of Nvidia, said he believes the economy of the metaverse will eventually overtake that of the physical world.
With a fee rate of 0.59%, the Roundhill Ball Metaverse UCITS ETF (METV) the cheapest European exchange-traded product focused on the fast-growing Metaverse theme.
The Index underlying the Fund is managed by Ball Metaverse Research Partners, an indexing and research company headed by Matthew Ball, a seasoned investor, advisor and metaverse researcher. The index includes Metaverse companies in seven categories including: Compute, Connectivity, Virtual Platforms, Exchange Standards, Payments, Content and Hardware. Notable holdings include Meta Platforms, Roblox, Unity, and Nvidia.
About Roundhill Investments:
Roundhill Investments is a US-based investment advisor focused on developing innovative exchange-traded products. The company currently has over $1 billion in assets under management. For more information on the company, visit: roundhillinvestments.com.
About Ball Metaverse Research Partners:
Ball Metaverse Research is a financial and market research firm focused on the ongoing transition of global telecommunications, commerce and social engagement to the successor platform to today’s Internet, commonly known as the “metaverse”. publishes essays and studies on the future of the internet, entertainment, games and social media, and attends industry events to promote standards and dialogue among leading entrepreneurs, inventors, activists and companies media and technology. at: www.carnegroup.com/roundhill You can also find a summary of your investor rights (including your class action rights) in English at: www.carnegroup.com/roundhill.
This information is not intended to constitute individual or personalized investment or tax advice and should not be used for commercial purposes. Please consult a financial or tax advisor for more information about your investment and/or tax situation.
An investment involves risk, including the possible loss of principal. Before making any investment decision, you should read the prospectus and in particular the “Risks” and “Charges” sections issued by Roundhill Financial Inc. (Roundhill Investments or Roundhill).
Fund: Roundhill UCITS ICAV. An Irish umbrella fund open for collective management and an umbrella fund with segregated liability between sub-funds incorporated in Ireland under the Irish Collective Asset Management Vehicles Act 2015 and authorized by the Central Bank as UCITS under regulation number C458642 – and who holds a passport in Germany with the BaFIN (German supervisory authority) in accordance with the UCITS directive.
This communication has been issued by the Fund and has been approved as a financial promotion within the meaning of Section 21 of the Financial Services Market Act 2000 (FSMA) by Resolution Compliance Limited, authorized and regulated by the Financial Regulator (FRN:574048) . The management company of the fund (“Carne”) has the right to terminate the distribution agreements of the fund in a country.
Roundhill Financial Inc.
Original content by: Roundhill Investments, transmitted by news aktuell