Hang Seng Indexes launches China Metaverse Activity Index

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Investor interest in the metaverse market prompted the Chinese company Hang Seng Indexes to create an exchange tool that tracks virtual reality developer companies from China.

Stock index creators from Hang SengIndexes said the new tool will track the performance of meta-companies from mainland China and Hong Kong. The Metaverse In Index is calculated and distributed in real time at two-second intervals.

Hang Seng explained that the decision to launchThe index was adopted against the background of the growing popularity of the metaverse as an object of capital investment. Along with the Metaverse Market Index, the company added an index tracking the performance of oncology-related healthcare companies to the Megatrend index series.

Hang Seng Chief Index Officer Daniel Wong said that the decision to launch was made after studying demand in the Chinese investment market.

“New trends are having an increasing impacton our daily life. Our two new megatrend indices are designed to help investors capture the potential opportunities associated with innovative and transformational trends in the stock markets of mainland China and Hong Kong,” said Wong.

The Hang Seng China Metaverse In Index will also track the activities of the two largest companies in the IT and entertainment market, Tencent Holdings and Baidu.

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At the end of 2021, the American companyProShares, which runs the first U.S. bitcoin futures exchange-traded fund, has filed for the first “metaverse ETF.” The fund, called ProShares Metaverse Theme ETF, is looking to invest in metaverse-related companies. To do this, a special Solactive Metaverse Theme Index (SOMETAV) will be used, which tracks the dynamics of shares of companies that supply or use technologies related to the metaverse.