Today, Fount Investment Co., Ltd. launched two new thematic ETFs: the Fount Metaverse ETF (MVTR) and the Fount Subscription Economy ETF (SUBS). MVTR looks to provide exposure to companies related to metaverse technology. SUBS seeks to provide exposure to companies offering subscription services.
The metaverse and subscription services are two rapidly growing markets. The metaverse, even with all the groundbreaking developments in technology, has yet to reach its full potential to be the future iteration of the existing internet. Bloomberg estimates that the market size of the metaverse may reach $800 billion by 2024.[1] Additionally, a significant amount of consumers are transitioning from an ownership to a usership model. 78% of adults worldwide utilize subscription services, and 75% believe that, in the future, they will subscribe to more services and own less physical stuff.[2]
“We believe that new technologies are creating seismic changes in the ways that individuals interact with the world around them, melding the digital and real world, and changing the way that products and services are consumed,” said Mr. Young-Been Kim, Chairman of Fount. “We believe our new ETFs provide investors with an attractive vehicle to gain exposure to these technologies.”
Also Read: The Evolving World of B2B Marketing Strategies
The Fount Metaverse ETF (MVTR) seeks to provide results that, before fees and expenses, correspond generally to the total return performance of the Fount Metaverse Index, which was designed to provide exposure to companies that develop, manufacture, distribute, or sell products related to metaverse technology.
The Fount Subscription Economy ETF (SUBS) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Fount Subscription Economy Index, which provides exposure to companies engaged in the business of providing subscription services.
“We are excited to work with Fount to bring these ETFs to market,” said J. Garrett Stevens, CEO of Exchange Traded Concepts, the advisor to the fund. “These funds complement ETC’s strategy of looking to provide investors with new thematics which we believe have the potential to disrupt the status quo.”
