{"id":433861,"date":"2021-11-16T12:59:34","date_gmt":"2021-11-16T17:59:34","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=433861"},"modified":"2021-11-16T12:59:34","modified_gmt":"2021-11-16T17:59:34","slug":"evolve-files-preliminary-prospectus-for-metaverse-etf","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/evolve-files-preliminary-prospectus-for-metaverse-etf\/","title":{"rendered":"Evolve files preliminary prospectus for metaverse ETF"},"content":{"rendered":"<p>Toronto-based Evolve Funds Group Inc. has filed a preliminary prospectus for what it calls &#8220;Canada&#8217;s first metaverse ETF,&#8221; a Monday release says.<\/p>\n<p>The Evolve Metaverse ETF (ticker &#8220;MESH&#8221;) would provide exposure to companies involved in the development of the so-called metaverse \u2014 a term that the firm said is used to describe a version of the internet that supports &#8220;persistent 3D environments&#8221; merged with social media, communications and productivity tools that help people digitally connect in an immersive recreation of the real world.<\/p>\n<p>&#8220;Compared to the development and adoption of the internet in the 1990s, the metaverse will be a new platform that is poised to transform many aspects of how we work, live and play,&#8221; said Raj Lala, president and CEO at Evolve ETFs, in the release.<\/p>\n<p>He noted that, over the next decade, &#8220;the metaverse market is predicted to exceed <span class=\"xn-money\">$1 trillion<\/span>. The metaverse will be built by many and shared by all.&#8221;<\/p>\n<p>According to the preliminary fund facts, the new ETF would actively invest in a mix of equities from North America and other developed markets. The document also stated the fund would have a medium risk rating.<\/p>\n<p>The fund would offer both unhedged and hedged units, and would trade on the TSX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund would provide exposure to companies involved in metaverse development<\/p>\n","protected":false},"author":179881,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2801,54148,87170,2469],"yst_prominent_words":[1696,4028,6428,7571,7630,10817,10991,95463,95464],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/433861"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/179881"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=433861"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/433861\/revisions"}],"predecessor-version":[{"id":433929,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/433861\/revisions\/433929"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=433861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=433861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=433861"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=433861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}