Malaysia’s financial landscape is embracing the future with the launch of the country’s first actively managed digital asset fund. This groundbreaking collaboration between Cross Light Capital and Affin Bank offers investors a sophisticated way to invest in cryptos-related fund.
The newly launched Performa Digital Asset Fund aims to offer exposure to digital assets through exchange-traded funds (ETFs) and exchange-traded products (ETPs). Exclusively, this initiative will be available through Affin Invikta; a premier suite of banking solutions offered by invitation only to top-tier clients.
A Strategic Investment in Digital Asset Funds
The Performa Digital Asset Fund provides a novel way for investors to gain exposure to digital assets. This includes major cryptocurrencies such as Bitcoin and Ether, as well as stocks in blockchain-oriented companies.
Among these are notable industry leaders like Coinbase Global Inc, a prominent cryptocurrency exchange listed on the Nasdaq, and Ubisoft Entertainment SA, an innovative video game publisher integrating blockchain technologies into new gaming experiences.
Jason Lee, CEO and Chief Investment Officer of Cross Light Capital, enthusiastically announces their partnership with Affin Bank to launch this unique digital asset fund in Malaysia.
“Our actively managed approach allows us to navigate the digital asset space effectively, providing our clients with a sophisticated investment vehicle beyond traditional asset classes,” he adds.
Calvin Goon Cheng Yu, the Head of Wealth Management at Affin Bank, highlighted the bank’s dedication to delivering exceptional value.
“This fund not only broadens our digital asset fund portfolio. Additionally, it taps into the growth potential of the digital economy, all while ensuring our clients’ investments are protected under the regulations set forth by the Securities Commission Malaysia,” Goon stated.
Fund Composition and Investor Profile
The fund will invest two-thirds in bitcoin ETPs and ether ETPs, respectively. The remaining third is going into equities related to blockchain technology. This diversification aims to provide a balanced approach to asset allocation within the digital asset fund space.
Tailored for sophisticated investors with a high-risk tolerance, this fund requires an initial minimum investment of US$1,000.
In addition, it also includes an initial sales charge of up to 5% and an annual management fee of 2%. Notably, the fund does not impose a withdrawal fee, offering flexibility for investors looking to manage their investments actively.
Source: here
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