Two Financial Institutions, Horizons and Evolve, Simultaneously Launch Meta Universe ETFs in Canada

On November 30, two funds, Horizons and Evolve, launched the MetaUniverse ETF in Canada at the same time on Monday. The Evolve Metaverse ETF (MESH) and the Horizons World Metaverse ETF (MTAV) are both traded on the Toronto Stock Exchange. Evolve ETFs will regularly invest in acquiring data from products involved in Metaverse developments, including Activision Blizzard, Roblox, Microsoft and Meta. The Horizons ETF will repeat the performance of the Solactive Global Metaverse Index, with the largest companies including Tencent, S4 Capital and Qurate Retail. Evolve charges a management fee of 0.60% and Horizons charges a management fee of 0.55%. (Bloomberg)