New funds of the summer…

Their number was not very high. On the other hand, one of them was absorbed into the universe of the metaverse and was also a proof of great originality.

Invesco launches metaverse fund

Invesco has just launched Invesco Metaverse, an actively managed international equity fund that offers investors exposure to the metaverse market.
The new product is invested in large, medium and small companies from across the metaverse value chain. This includes many distinct and interconnected sectors that help facilitate, create or benefit from the growth of immersive virtual worlds, says Invesco.
Thematically, the fund will focus on seven areas: next-generation computing and operating systems; hardware and devices providing access to the metaverse; networks for hyperconnectivity; immersive platforms developed with artificial intelligence; blockchain; tools of exchange needed to ensure interoperability and services and assets to facilitate the digitization of the real economy.
The portfolio further focuses on geographic diversification with companies based in the United States, Asia, Japan and Europe. The fund is not benchmark managed, but its performance is compared to the MSCI AC World (Net Total Return) benchmark.
Invesco Metaverse will be jointly managed by Tony Roberts, manager, and James McDermottroe, deputy manager, who are both part of Invesco’s Asia and UK emerging markets team.
“It is estimated that virtual and augmented reality could generate €1.6 trillion in the global economy by 2030,” said Tony Roberts, managing director at Invesco, citing data from PWC.

Amundi is launching a fund for future ESG champions in emerging countries

This summer, Amundi launched Amundi Funds Emerging Markets Equity ESG Improvers, an actively managed fund invested in companies in emerging markets with environmental, social and governance characteristics. promising “. It is the first strategy of six funds in the ESG Improvers series to focus on emerging markets.

The portfolio will be invested in 90-120 global stocks of all capitalizations from emerging markets, with an emphasis on improving sustainability characteristics. In line with the philosophy that has underpinned the ESG Improvers range since its launch in 2021, the fund will have an ESG outlook and engagement will be a key element. ” The aim is to go beyond a static ESG rating methodology by engaging with companies with an admittedly lower but improving ESG profile to have greater impact investing and help these companies achieve higher ESG scores. ” says the press release.

The fund will be jointly managed by Deirdre Maher, Director of Frontier Markets, and Andrea Salvatori, Senior Portfolio Manager – Head of Emerging Markets ESG Strategies at Amundi. The Amundi Emerging Markets team manages more than €41 billion in assets.

The fund is available within the SICAV Amundi Funds and is currently registered in the following countries: France, Denmark, Finland, Germany, Italy, Luxembourg, Norway and Sweden.

Impax AM launches fund on Lombard Odier’s PrivilEdge platform

Lombard Odier & Cie has partnered with Impax Asset Management to launch a new US large-cap fund on its PrivilEdge open platform.

PrivilEdge – Impax US Large Cap, co-managed by Andrew Braun and Barbara Browning, is invested in a portfolio of publicly traded US large-cap companies that are attractively valued and well-positioned to benefit from the transition to a more sustainable economy. The fund is based on Impax’s US Large Cap strategy. The investment process is based on Impax’s proprietary tools, including the Impax Sustainability Lens, the Impax Systematic ESG Rating and the integration of ESG factors.

The PrivilEdge – Impax US Large Cap fund will be offered to clients in Belgium, France, Germany, Italy, Liechtenstein, Luxembourg, the Netherlands, Spain, Switzerland and the United Kingdom.

Vanguard launches two ETFs in Milan and London

Vanguard has launched two ESG ETFs on the Milan and London Stock Exchanges. These are the ESG Developed Europe All Cap UCITS ETF and the ESG North America All Cap UCITS ETF. The first tracks the FTSE Developed Europe All Cap Choice Index and provides exposure to large-, mid- and small-cap stocks from developed European countries. The other tracks the FTSE North America All Cap Choice Index and covers large-cap, mid-cap and small-cap stocks from the United States and Canada.

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