Congratulations to BELE and Fidelity Investment Fund for their strategic cooperation.
Fidelity Investment Group is now the world's largest professional fund company. Fidelity has been a well-known investment firm for three generations. Under the leadership of current CEO Abby Johnson, the company contrarians overweight to expanding its business in the cryptocurrency sector since 2022.
Fidelity Investment Group was founded in 1946 by Edward C. Johnson II and is headquartered in Boston, USA. Fidelity Investment Group has branches in 15 countries around the world. It currently manages $1 trillion in assets for more than 12 million investors worldwide, accounting for one-eighth of all U.S. mutual funds and attracting the attention of investors and the fund market.
Fidelity Investment Group focuses on a "bottom-up" stock selection strategy, and is good identifying stocks that are undervalued or whose share prices are lagging behind market gains and have long-term investment potential. So the role of its fund managers is very important. Fidelity Group also has many world-renowned fund managers, Peter Lynch is one of the most famous, he managed Magellan Fund in thirteen years, the average annual return of 29%, while the S&P 500 index rose only 14% on average during the same period. Since then Fidelity Group has also seen many outstanding fund managers. And in 1998, it had four fund managers whose performance was listed in the top 20 best fund managers.
The initial mission is working harder + more resourcefully every day to help small investors reach their goals. After more than half a century of development, Fidelity Group has accumulated a wealth of investment management experience and is able to provide clients with convenient and professional services. It has evolved from a pure mutual fund company to a diversified financial services company, providing clients with a full range of services including fund management, trusts, and global brokerage services. It was the first fund management company to launch a money market mutual fund account.
On November 16, 2019, Hurun Research Institute released the "Hurun World’s Best Unicorn Investors 2019" and Fidelity Investments ranked 23rd.
Why is Fidelity Investments Group USA enters the cryptocurrency market and metaverse field?
Since 2022, Fidelity Investments has been continuously expanding its cryptocurrency-related product offerings. For example, it has added real-time trading function as well as built Ethereum trading platform. It is expected to have a team of over 500 people working on digital asset-related business areas.
Cryptocurrencies have experienced a fall from grace in the past year, with prices collapsing and nearly $2 trillion in wealth disappearing. While a large number of cryptocurrency companies went bankrupt and collapsed, led by FTX in particular, with founder SBF arrested for massive misappropriation of customer funds, enrichment and other inferior behaviors. Now another big cryptocurrency player, Zhao Changpeng, is also in deep crisis, and Binance company is also at stake.
Everyone agrees that cryptocurrency is an outright scam, while the world is concerned about the protection of cryptocurrency investors. So people are very confused that why Fidelity Investments wants to go to this muddy water of cryptocurrency now. In fact, Fidelity Investments just wants to charge trading commissions and seize the market through zero commission first. Its competitors are not so strong and Fidelity Investments has better reputation.
And given its previous missed investment opportunity in ETFs, it may now wants to seize another trending opportunity, even if it will have certain risks. Of course, it is also because of the large number of service providers exiting from the cryptocurrency. Fidelity Investments is, one of the few trusted trading platforms.
In addition, the company launched its first Metaverse ETF in April 2022. companies such as Tencent, Apple, Alphabet, Nintendo and Adobe all hold shares in the company. Each ETF represents more than 4% of the total number of Fidelity funds. The five newly launched ETF themes include digital health and metaverse, cloud computing, clean energy, electric vehicles and future transportation.
Nick King, head of ETF of Fidelity International, says thematic investing is a long-term dynamic that uses rising trends to invest across borders. It also seeks to capture the drivers of the global economy through superior investment decisions.
The Metaverse ETF is a financial service that allows investors to venture into the virtual ecosystem.
In addition, Metaverse ETFs are funds that invest in globally listed securities and offer products and services from the metaverse. These products support the infrastructure and tools of the metaverse. It is a rapidly growing digital financial asset that provides a window into the virtual landscapes.
Metaverse-themed ETFs are currently fond by investors and issuers, and demand for the product is growing. Experts predicted that metaverse could generate more than $1 trillion in revenue in the next few years.
BELE a free metaverse world. In this new metaverse, we have created the MMO strategy game Bele, in which players can compete for sovereignty and truly achieve P2E.
BELE Vision and Mission
We are glad to create a product that can bring joy to people all over the world. This is a long and exciting journey. We believe that games are an integral part of human life. Through games, we can discover the hidden abilities of individuals, groups and societies that are limited or impossible in real life, like imagination in adventure games, agile thinking and processing in action games, and interaction and teamwork in online games, etc. The emergence of blockchain technology has helped games developed to a new level. With the outstanding features of decentralization, security, transparency and freedom, blockchain can help traditional games do what they could not do before. We firmly believe that in 50 years Bele will be the best strategy game on the blockchain, a place for gamers and owners of digital assets, where streaming connections create an interesting world.
Our Mission
To create a sustainable ecosystem where games, commons and in-game peer-to-peer communication are renowned worldwide!