Elwood Asset Management, an investment firm specialising in digital assets, has partnered with Invesco Asset Management (Japan) to help it launch a new fund.
The newly launched Invesco Global Blockchain Equity Fund will be managed by Invesco Capital Management, with a delegation from Invesco Japan, and will track the performance of the Elwood Blockchain Global Equity Index. The aim of the fund is to offer domestic Japanese investors exposure to digital assets and blockchain technology.
This follows on from the announcement earlier this year that Elwood and Invesco had partnered to launch the Invesco Elwood Global Blockchain UCITS ETF, which aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents.
Bin Ren, CEO of Elwood, comments: “We are very excited to be partnering with Invesco Japan to offer Japanese investors exposure to blockchain technology. In Japan there are currently very few investment offerings which provide access to the opportunity presented by blockchain, perhaps due to the fact that its application has been typically thought of in the narrowest of terms and predominately linked to cryptocurrencies. However, as the wider applications of blockchain are becoming increasingly apparent in our day-to-day lives, in everything from personal finance, to logistics and medical care, that mindset is starting to change. At Elwood we are committed to creating breakthrough products in digital assets for global investors.”