Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email email@example.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
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.