Key stats
About Global X Metaverse ETF
Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.50%
Home page
Inception date
Apr 26, 2022
Index tracked
Global X Metaverse Index - Benchmark TR Net
Management style
Passive
ISIN
US37960A8348
VR targets global companies that are positioned to benefit from the development and commercialization of the Metaverse, a set of virtual and 3D simulations that can be experienced simultaneously by users regardless of their physical locations. The selection process starts with identifying firms classified under FactSet Industries related to the Metaverse. Eligible companies are further screened and categorized as either pure-play, pre-revenue, or diversified based on primary operations and revenue derived from four Metaverse Business Activities: 1) Augmented/Virtual/Mixed Reality and Spatial Computing, 2) Creator Platforms, 3) Creator Economy, and 4) Digital Infrastructure/Hardware. The narrow portfolio holds 30 pure-play and pre-revenue companies, and 10 diversified firms. Holdings are weighted by market-cap, with individual security weights capped at 6% for pure-plays, and 4.5% for diversified as well as pre-revenue firms. The index rebalances and reconstitutes semi-annually.
Classification
Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Internet
Strategy
Fundamental
Weighting scheme
Market cap
Selection criteria
Fundamental
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region