EU Metaverse Fund Assets Surge Above $1 Billion Driven By AI Excitement - CryptoInfoNet

EU Metaverse Fund Assets Surge Above $1 Billion Driven By AI Excitement – CryptoInfoNet

Time Stamp: April 14, 2024 2:00 PM
Source Node: 2545299

Amundi and Invesco, along with other asset managers, have seen a boost in assets due to the recent interest in AI and the subsequent rise in tech stocks. European metaverse-focused funds have reached a record high in assets.

Exclusive data shared with Financial News from Morningstar shows that European metaverse funds now oversee $1.1bn in assets as of the end of March, more than double the $403m from a year ago.

Amundi’s MSCI Digital Economy and Metaverse ESG Screened ETF is the largest fund of its kind in Europe, with $205m in assets, according to Morningstar. The fund, which includes Nvidia and Alphabet in its top holdings, has seen an 85% increase in assets since the end of 2022.

READ

Source link

#hype #propels #metaverse #fund #assets #1bn

Time Stamp:

More from CryptoInfonet