Invesco Japan launches blockchain fund tracking Elwood index
Invesco Japan has launched the Japanese domestic ‘Invesco Global Blockchain Equity Fund’, offering Japanese investors exposure to digital assets and blockchain technology. The fund, managed by Invesco Capital Management with a delegation from Invesco Japan, will track the performance of the Elwood Blockchain Global Equity Index.
This follows an announcement in March 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.
The Elwood Blockchain Global Equity index is independently calculated by Solactive AG, a globally recognised index provider with expertise in tailor-made indices. The index is reviewed and rebalanced quarterly.
Bin Ren, CEO of Elwood, says: “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.”