Assets Under Management AUM

LGIM joins metaverse push with quadruple launch of thematic ETFs

Metaverse ETF will sit in LGIM’s new “Access” range

Legal & General Asset Management (LGIM) has launched four thematic ETFs, becoming the third issuer in a week to launch a metaverse ETF.

L&G Metaverse ESG Exclusions UCITS ETF (MTVR), L&G Optical Technology Photonics ESG Exclusions UCITS ETF (LAZG), L&G Emerging Cyber ​​Security ESG Exclusions UCITS ETF (ESPY) and L&G Global Thematic ESG Exclusions UCITS ETF (THMZ) are listed on the London Stock Exchange, Borsa Italiana, Deutsche Boerse and Six Exchange.

LAZG and ESPY have total expense ratios (TER) of 0.49%, while MTVR and THMZ had TERs of 0.39% and 0.60%, respectively.

Three of the ETFs, Optical Technologies Photonics, Cybersecurity and Global Themes will feature in the LGIMS Flagship Theme Range.

The metaverse ETF will be part of the new “Access” range, where ETFs will be designed to be used as a tactical strategic tool for investors looking to access “non-traditional investment opportunities”.

MTVR tracks the iStoxx Access Metaverse Index which will target companies involved in providing hardware, software advancements, networks and digital payments to “increase the human police of the metaverse”.

Meanwhile, LAZG, the first ETF in Europe to follow the theme, will track the Solactive EPIC Optical Technology and Photonics Index and invest in companies involved in the science of creation, manipulation, transmission and sensing. light. The index draws on the expertise of the European Photonics Industry Commission (EPIC).

ESPY tracks the Solactive Emerging Cyber ​​Security Index, focusing on innovation and evolution that seeks to complement the LGIM Cyber ​​Security UCITS ETF (HURN) which was launched in 2015 and has amassed 2.5 billion dollars in assets under management (AUM).

It will focus on emerging market segments including hardware security, threat intelligence, and blockchain-enabled security solutions.

THMZ will track the Solactive Global L&G Thematic Lookthrough Index by investing in multiple themes with a focus on innovation and long-term growth. It will combine the group’s existing investment strategies, bringing together nine megatrends in areas such as technology, energy and resources and demographic change.

Aanand Venkatramanan (pictured), Head of EMEA ETFs at LGIM, said: “Thematic investing strategies have attracted great interest from investors in recent years, thanks to their ability to capitalize on structural and fundamental changes in the way we do business. live and work.

“Three of the funds launching today capture some of the most innovative and disruptive companies shaping global economies, while the Global Thematic fund will seek to provide investors with exposure to multiple themes, in an easily accessible format. “

The four ETFs are LGIM’s first launches this year, with the UK asset manager focusing on modifying its existing strategies to be ESG compliant.

It was a big week for thematic ETFs, after Launch of Fidelity International five thematic ETFs earlier this week, including the Fidelity Metaverse UCITS ETF (FMTV).

Franklin Templeton also joined the race for metaverse ETFs today with the launch of the Franklin Metaverse UCITS ETF (FLRA).

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