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Legal & General Investment Management, the UK’s largest asset manager, has become the third major provider to roll out a metaverse-focused exchange traded fund for European investors in the same week. The new L&G Metaverse ESG Exclusions Ucits ETF is one of four Dublin-domiciled ETFs that the asset management arm of insurer Legal & General listed in London, Frankfurt, Milan and Zurich on September 7. The metaverse strategy is part of Legal & General IM’s newly created Access range of ETFs, while the L&G Optical Technology & Photonics ESG Exclusions, L&G Emerging Cyber Security ESG Exclusions and L&G Global Thematic ESG Exclusions Ucits vehicles sit within the firm’s flagship thematic range. The new Access range aims to “provide exposures that are designed to serve as a tactical or strategic tool for investors seeking access to non-traditional investment opportunities”, according to the £1.29tn asset manager.


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