Australian (ASX) Stock Market Forum

MTAV - BetaShares Metaverse ETF

Dona Ferentes

A little bit OC⚡DC
11 January 2016

MTAV - BetaShares Metaverse ETF

Fund Objective

MTAV aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of leading global companies involved in building, developing and operating the Metaverse. The Metaverse has been described as the next iteration of the internet that seamlessly combines our digital and physical lives.

This ASX listed ETF provides exposure to companies involved in the Metaverse including providers of 3D modelling, designers/manufacturers of VR/AR hardware, providers of artificial intelligence services, companies that sell advertising located in the Metaverse, and companies involved in digital currencies/assets used in the Metaverse.

Management costs of 0.69% p.a. Launched August 2022

ROBLOX Corp .......... 9.0%
NVIDIA Corp ............. 6.7%
Unity Software ......... 5.3%
Meta Platforms ........ 5.1%
Apple Inc .................. 4.7%
Microsoft Corp ........ 4.5%
Activision Blizzard .... 4.2%
The Walt Disney Co .. 4.2%
Electronic Arts Inc ..... 4.2%
Sea Ltd ........................ 4.2%

As one commentator said, MTAV is really an expensive exposure to 32 stocks, that are essentially just the NASDAQ.

Now if the eponymous albeit truncated Meta claims this metaverse space, how come it has a relatively small allocation in the Top 10 companies held? Maybe it in't going to win with its aim for the brave new world in envisions

Meta just posted its first year-over-year quarterly revenue decline, citing uncertainty in the digital advertising market, which has driven its growth for years. The parent of Facebook and Instagram is concerned that young people are abandoning its platform for ByteDance Ltd.’s TikTok. And it has big, expensive ambitions to build a whole new version of the internet in the Metaverse, an immersive virtual reality world where chief executive officer Mark Zuckerberg imagines we will communicate, work and shop in the future.