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September 15, 2022

AXA IM, UBS Global Wealth Management partner on metaverse strategy in Asia

AXA Investment Managers (AXA IM) has reached an agreement with UBS Global Wealth Management (UBS GWM) to offer metaverse strategy to its private wealth clients in Asia.

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The Metaverse is becoming a reality – adapt to meet it

Although the term resists single definition, the metaverse can broadly be described as a virtual world where users can meet, work, play, shop and socialize in real-time within simulated scenarios. The theme has gained traction following Facebook's rebranding to Meta, prompting enterprises to consider how they can seemingly develop economies, trade with other companies, and form alliances in new and imaginative ways as the metaverse use cases and applications grow broader. This is subsequently encouraging businesses across sectors to begin developing capacities related to the metaverse experience, foundation, tools, and user interfaces. Simultaneously, the impact of the COVID-19 pandemic has accelerated the technology adoption rate, thereby increasing the expectations of stakeholders. Amid all such developments, the metaverse is projected to influence multiple sectors with user engagement, collaboration, training, and learning being touted as some of its early use cases. GlobalData examines how the innovative adoption of emerging technologies can accelerate the advent of the metaverse ecosystem. This report explores our in-house data to provide our clients with insights into how various companies are driving the immersive ecosystem’s growth with their innovative solutions.
by GlobalData
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As part of the tie-up, UBS GWM’s high net worth (HNW) clients in Hong Kong and Singapore will have access to AXA IM’s metaverse strategy.

Introduced in April this year, the strategy enables long-term investors to explore diversification opportunities and have exposure to long-term growth benefits offered by metaverse.

The strategy seeks to invest in firms that work for the convergence of digital and real world.  

The multi-cap equity strategy centres around four major sub-categories: gaming, socialising, working, and enabling.

 AXA IM tech equity specialist Pauline Llandric said: “We are at the early stages of a long-term trend which is growing rapidly and believe there is a broad range of global companies and opportunities in this space.

“Revolutionary, cutting edge advances in technology have changed how we live, socialise, work and do business.

“The Metaverse is the confluence of the virtual and physical worlds, where more technology is layered on to everyday life associated with the evolution of the internet connecting people, places and things.”

AXA IM further noted that its metaverse strategy is ESG-integrated.

Until 30 June 2022, a major chunk of this strategy has been allocated to information technology and communication services, while the remaining portion was assigned to consumer discretionary, real estate, healthcare, industrial and financial sectors.

Early this month, AXA IM announced that it had rolled out an exchange-traded fund (ETF) platform that supports active strategies and responsible investing (RI).

Free Report
img

The Metaverse is becoming a reality – adapt to meet it

Although the term resists single definition, the metaverse can broadly be described as a virtual world where users can meet, work, play, shop and socialize in real-time within simulated scenarios. The theme has gained traction following Facebook's rebranding to Meta, prompting enterprises to consider how they can seemingly develop economies, trade with other companies, and form alliances in new and imaginative ways as the metaverse use cases and applications grow broader. This is subsequently encouraging businesses across sectors to begin developing capacities related to the metaverse experience, foundation, tools, and user interfaces. Simultaneously, the impact of the COVID-19 pandemic has accelerated the technology adoption rate, thereby increasing the expectations of stakeholders. Amid all such developments, the metaverse is projected to influence multiple sectors with user engagement, collaboration, training, and learning being touted as some of its early use cases. GlobalData examines how the innovative adoption of emerging technologies can accelerate the advent of the metaverse ecosystem. This report explores our in-house data to provide our clients with insights into how various companies are driving the immersive ecosystem’s growth with their innovative solutions.
by GlobalData
Enter your details here to receive your free Report.

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