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04.10 - 19:47
Metaverse funds top $2bn as Fidelity, LGIM, Franklin chase ‘theme du jour’
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Funds investing in the metaverse are now managing more than $2bn globally, as a flurry of launches from some of Europe’s biggest asset managers look to take advantage of a hot investment trend.
Data from Morningstar, provided to Financial News, shows a sharp increase in assets managed by funds focused on immersive virtual worlds, as well as in the number of new products launched over the past 12 months.
There...
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