Fidelity Metaverse Fund (FMET)
XMIL 
Summary
FMET Chart
Fulcrum Metals rise as Tully gold asset sale completes
Fulcrum Metals Plc (LSE:FMET) shares rose around 12% on Monday after it completed the sale of its Tully gold project, in Ontario, to Loyalist Exploration Limited. The deal gave Fulcrum C$500,000 in cash, plus Loyalist shares currently valued at C$1.57 million and a 2% net smelter return royalty on the project.
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Fidelity Metaverse Fund (FMET) FAQ
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Fidelity Metaverse Fund Profile
| XMIL Exchange | US Country |
Overview
The described entity is an investment fund that primarily focuses on the burgeoning sector of the Metaverse. By channeling at least 80% of its assets into securities and depositary receipts present in its benchmark index, the fund aims to mirror the performance of companies globally engaged in the Metaverse sector. This includes enterprises involved in the development, manufacture, distribution, or sales of products or services crucial for establishing or enabling the Metaverse. It is noteworthy that this fund adopts a non-diversified investment approach, favoring a concentrated investment strategy in the Metaverse domain.
Products and Services
- Securities Investment - The fund invests primarily in securities that are included in the index dedicated to companies active in the Metaverse. This encompasses a wide range of equities across different companies that are pivotal in the development and expansion of the Metaverse ecosystem. The investment in these securities is aimed at capturing the growth potential of these companies as the Metaverse evolves.
- Depositary Receipts - Alongside direct securities, the fund also invests in depositary receipts representing securities in the index. These financial instruments offer a more flexible way to invest in foreign companies that are significant players in the Metaverse sector. This approach enables the fund to have a broader and more diversified international exposure within the niche field of the Metaverse.
- Non-diversified Fund Strategy - The fund's non-diversified status means it may invest a larger portion of its assets in fewer issuers. This strategy is deliberately chosen to allow for concentrated exposure to the Metaverse sector. While this approach may involve higher risk due to less diversification, it also offers the potential for higher returns by focusing on an industry expected to have significant growth.
