Reportedly, FinaMaze, an ADGM-based digital wealth manager utilising AI, announced Monday the launch of its Metaverse Smartfolio.
The Smartfolio will bundle stocks of companies that are leading the way in the creation of the metaverse. Included in this bundle are familiar tech names, video game publishers, software developers, entertainment industries, and infrastructure and hardware manufacturers. It also includes exposure to crypto exchange and to Ethereum.
“The metaverse, the virtual world, is already a “reality,” says Mehdi Fichtali, CEO and Founder of FinaMaze said in a statement.
“The metaverse is born, and major companies, such as JP Morgan, Walmart, Verizon and Adidas, are setting foot on it, in one way or another. But the adoption will certainly not be a straight line or happen overnight. Nor will the stock market performance journey,” adds Fichtali.
The Smartfolio diversifies investors over a dozen different securities, spreading the risk among different sectors and automatically rebalancing the allocation to remain in line with each investor’s risk appetite.
The principle behind the platform is that “not all investors have the time and the expertise to conduct exhaustive and exhausting research” when making their investment decisions, the company said in a statement. Instead, they are able to invest in a swathe of securities at once.
“And they neither want to be glued to their smartphone, constantly checking on their portfolio. Attracted by our dedicated risk controls, several investors are actually migrating to FinaMaze, which automatically rebalances each portfolio to remain in line with each investor’s personal risk appetite. This was all the more welcomed as the year started with Nasdaq’s negative -12 per cent year-to-date performance. In this context, only Metaverse-related securities that have already been “corrected” by the market have been added to the smartfolio, to ensure an entry point appreciably below recent all-time highs,” Fichtali said.
Also, FinaMaze offers access to over 30 ready-to-invest “smartfolios,” built using the firm’s investment committee experts, AI, and automated algorithms. Investment starts at $2,000.
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