Hang Seng has launched a new metaverse index, Hang Seng Metaverse Index, citing a growing demand from investors and general users in the space.
Hang Seng China Metaverse Index will track the performance of Chinese companies that are participating in the metaverse business.
The director of the company, Daniel Wong, says that the megatrends index will enable investors to take on opportunities in the innovative sector.
The indices incorporate the stocks in Hong Kong, Shanghai, and Shenzhen. The metrics will reportedly be calculated and distributed in real-time at a two-second time difference.
The announcement comes as blockchain firms move to benefit from the sectors, including virtual reality, gaming, and digital experiences. Hang Seng is a fully owned subsidiary of Hang Seng Bank.
The indices had almost $44 billion as of 2021. Another metaverse index is managed by Index Coop and aims to track sports, business, and entertainment stocks.