Asset Management

Fidelity, Legal & General and AXA IM ‘clutching surfboards’ to ride metaverse wave

Fund houses want to cash in on predictions the metaverse market could be worth as much as $13tn by 2030

Big name asset managers are positioning themselves early for a piece of the metaverse action
Big name asset managers are positioning themselves early for a piece of the metaverse action Photo: Bing Guan/Getty Images

The metaverse has been tipped to revolutionise the way people use the internet to work, socialise and learn.

Now big name asset managers including Fidelity, Legal & General and AXA Investment Managers are among a growing cohort of investors positioning themselves early for a piece of the action.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger