Axion Global Asset Management Secures Regulatory Approval to Manage Cryptocurrency Funds
- Asset Management
- 20.01.2022 05:10 pm
The Smart Beta Fund provides secure and diversified exposure to “Large-cap" Cryptocurrency Opportunities
Axion Global Asset Management Limited , a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is set to launch the Smart Beta Fund SP ("Smart Beta Fund") after receiving approval from the Securities and Futures Commission in Hong Kong ("SFC") to manage portfolios that invest up to 100% in virtual assets.
The Company's new flagship product, the Smart Beta Fund, enables Professional Investors1 to invest confidently in the fast-growing cryptocurrency market via a secure investment vehicle that is managed by a SFC regulated manager. The Fund seeks to provide superior risk-adjusted returns by tracking the Axion Global Smart Beta Liquidity Index. The Index has consistently outperformed industry benchmarks and is comprised of the ten most highly valued qualified cryptocurrencies weighted by proprietary investment factors. The Company plans to reach US$100 million in AUM for this Fund.
The launch of the Smart Beta Fund follows the recent launch of the Axion Global Innovations Fund that invests in early-stage digital asset ventures in the burgeoning blockchain and digital assets ecosystem. As a specialist asset management company that focuses on digital assets and related blockchain opportunities, the Company expects to roll out more products in the future with different strategies to capture returns for investors.
 The term "professional investor" has the meaning as defined under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and its subsidiary legislations.