FRANKFURT, Germany, March 22, 2022 /PRNewswire/ — Roundhill Investments, an ETF sponsor specializing in 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 widely understood as a successor state to today’s mobile Internet, but which will involve countless interoperable and persistent virtual worlds, will also be richly integrated into the physical world, creating a new medium and a new economy. for work, leisure and innovation. . Morgan Stanley and Goldman Sachs have estimated that the economy of the metaverse will be worth approximately 8 trillion dollars. 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) is the cheapest European exchange-traded product focused on the growing Metaverse theme.
The Fund’s underlying index is managed by Ball Metaverse Research Partners, an indexing and research firm headed by Matthew Ball, a seasoned investor, advisor and Metaverse researcher. The index covers metaverse companies in seven categories including: Compute, Networking, 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’s product range currently represents more than $1 billion in assets under management. To learn more about the company, please visit roundhillinvestments.com.
About Ball Metaverse Research Partners:
Ball Metaverse Research is a financial and market research collective focused on the ongoing transition of global telecommunications, commerce, and social engagement to the successor platform to today’s Internet, known as ” metaverse”. In addition to managing the Metaverse Index, Ball Metaverse Research publishes essays and studies on the future of the Internet, entertainment, games, and social media, as well as convenes and participates in industry settings to promote standards and dialogue between prominent media and technology entrepreneurs, inventors, activists and businesses. The prospectuses and Key Investor Information Documents (KIIDs) for this ETF are available at www.carnegroup.com/roundhill. You can also access an English-language summary of your investor rights (including your common stock rights in the event of a dispute) at: www.carnegroup.com/roundhill.
This information is not intended to be 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 regarding your investment and/or tax situation.
Investing involves risk, including possible loss of principal. Before making any investment decision, investors should read the prospectus and in particular the risk and cost sections Information provided by Roundhill Financial Inc. (Roundhill Investments or Roundhill).
Fund: Roundhill UCITS ICAV. An Irish open-ended collective asset management vehicle and umbrella fund with segregated liability between sub-funds incorporated in Ireland under the Collective Asset Management Vehicles of Ireland Act 2015 and authorized by the Central Bank as a UCITS in accordance with the Regulations under registration number C458642 – and properly passported in Germany with BaFIN (German regulator) under the UCITS Directive.
This communication has been issued by the Fund and approved as a financial promotion, for the purposes of Section 21 of the Financial Services Market Act 2000 (FSMA), by Resolution Compliance Limited, which is authorized and regulated by the Financial Conduct Authority (FRN : 574048). The management company of the Fund (“Carne”) has the right to terminate the agreements for marketing the Fund in a country.