Global Investment Firm Franklin Templeton Launches New Metaverse ETF

Franklin Templeton announced the launch of its new UCITS ETF, offering European investors access to cutting-edge companies across the metaverse.

Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton commented: "Blockchain technology development is propelling metaverse expansion possibilities in compelling and far-reaching ways. We believe that investment in the metaverse and its rising sophistication bode well for the next iteration of the internet, which could profoundly impact societies and global economic growth."

The Franklin Metaverse UCITS ETF3 tracks the Solactive Global Metaverse Innovation Net Total Return Index comprised of global equity securities issued by companies that have, or are expected to have, significant exposure to the metaverse and supporting blockchain technologies. Companies that are deemed to not align with UN Global Compact Principles are excluded from the index.

This new ETF will list on the Deutsche Börse Xetra (XETRA) on 7 September, and the Borsa Italiana and London Stock Exchange (LSE) on 9 September. The ETF will be registered in the UK, Austria, Denmark, Finland, France, Germany, Ireland, Italy, Spain and Sweden. It will be managed by Dina Ting, Head of Global Index Portfolio Management, and Lorenzo Crosato, ETF Portfolio Manager at Franklin Templeton

Caroline Baron, Head of ETF Business Development, EMEA, Franklin Templeton commented: "The metaverse is expected to grow to $5 trillion in value by 20304 and, to capture this exciting growth opportunity, we have partnered with German-based index provider Solactive AG to develop a distinct ETF backed by the scale and resources of Franklin Templeton."

"We are delighted to be an early mover in this space and thus provide European investors with access to a diversified pool of cutting-edge companies across the key metaverse segments at a low cost. The new ETF allows investors to diversify their core holdings and satellite thematic sleeves in their existing portfolios with a unique exposure and participate in the expected secular growth of the underlying megatrend that is digitisation."

Source: Fintech Finance