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Roundhill Investments has launched the Roundhill BIG Tech ETF (BIGT), providing focused exposure to the 'FAAMG' stocks: Facebook, Amazon, Apple, Microsoft, and Google. The ETF, trading on NASDAQ from April 11, 2023, offers investors a cost-efficient way to invest in these tech giants with an expense ratio of just 0.29%. The ETF employs an equal weighting strategy and plans quarterly rebalancing. Chief Strategy Officer Dave Mazza highlighted that BIGT addresses market uncertainty by offering a direct investment vehicle for these high-quality companies, which are recognized as leaders in technology and substantial contributors to revenue and market capitalization. With the launch of BIGT, Roundhill aims to enhance its suite of innovative financial products tailored for the next generation of investors.
Roundhill Investments has launched the Roundhill Ball Metaverse UCITS ETF (METV) on Deutsche Börse Xetra, marking the first Metaverse ETF listed in Germany. The ETF, with an expense ratio of 0.59%, is designed to capture the burgeoning Metaverse economy, projected by Morgan Stanley and Goldman Sachs to be worth approximately $8 trillion. The fund's underlying index, managed by Ball Metaverse Research Partners, includes significant holdings such as Meta Platforms, Roblox, Unity, and Nvidia, covering seven sectors within the Metaverse.
Roundhill Investments plans to launch a Metaverse ETF in Germany by the end of March 2022, marking its first fund in the European market. The ETF, which will track the Ball Metaverse Index, aims to provide investors with exposure to the burgeoning Metaverse economy, projected to be worth $8 trillion. The previous Roundhill Ball Metaverse ETF, listed on NYSE Arca as METV, had raised $885 million in assets in the U.S. in 2021. Matthew Ball leads the index management, highlighting the transformative potential of the Metaverse akin to the mobile internet.
Roundhill Investments announced a reduction in the management fee for the Roundhill Ball Metaverse ETF (METV) from 0.75% to 0.59% of the Fund's average daily net assets, effective February 4, 2022. This change requires no action from current shareholders and aims to enhance investors' exposure to the Metaverse by aligning returns with the performance of the Ball Metaverse Index. Investors can view the full list of holdings on the Roundhill website.
Roundhill Investments announced a ticker symbol change for the Roundhill Ball Metaverse ETF from META to METV, effective January 31, 2022. This change requires no action from current shareholders, and will not affect the Fund's investment objective, strategy, or fees. The ETF continues to provide exposure to the Metaverse by tracking the Ball Metaverse Index. For further details, visit the Fund's website.
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