Invesco (Investment management company) is launching a blockchain ETF (exchange-traded fund) on the London Stock Exchange today.
For this, Invesco has joined with London-based Elwood Asset Management, and the project is launching as “Invesco Elwood Global Blockchain UCITS ETF.”
ETF carries an annual fee of 0.65 percent and deliver the performance of the Elwood Blockchain Global Equity Index through physically investing in the index constituents.
The index, calculated by Solactive AG, which has 48 companies portfolio including cryptocurrency chip-maker TSMC, bitcoin operator CME Group, messaging app giant Kakao, cryptocurrency exchange operator Monex Group, Retail giant Overstock, Signature Bank and Square.
Index’s will be allocated to information technology- 46%, financials - 23%, communication services- 9% and others-8%.
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