IVRS Profile
The iShares Future Metaverse Tech and Communications ETF is designed to capture the performance of companies involved in the development and expansion of the metaverse and virtual interaction technologies. The fund tracks an underlying index that measures the performance of equity securities issued by both U.S. and international companies that play a pivotal role in creating, supporting, or enabling the metaverse, as identified by Morningstar and its affiliates.
The metaverse represents an evolving digital landscape where users interact within immersive virtual environments, facilitated by advancements in technologies such as virtual reality (VR), augmented reality (AR), and blockchain. The underlying index encompasses a diverse range of companies engaged in various aspects of the metaverse, including those developing hardware, software, and platforms that enable these virtual experiences. The index aims to reflect the growth and technological advancements in this emerging sector.
To achieve its investment objective, the fund allocates at least 80% of its assets to securities that are components of the underlying index or have economic characteristics substantially identical to those component securities. This strategy ensures that the funds performance closely aligns with the index, offering investors targeted exposure to companies at the forefront of metaverse innovation and virtual communication.
As a non-diversified fund, the iShares Future Metaverse Tech and Communications ETF focuses its investments on a specific sector, which may lead to higher volatility compared to more broadly diversified funds. Managed by iShares, a leading provider of exchange-traded funds (ETFs), the fund leverages iShares' expertise in managing specialized portfolios to offer investors a unique opportunity to participate in the growth potential of the metaverse and related technologies.
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