Elwood joins with Invesco Japan to offer blockchain equity fund

By Staff Reporter

Elwood Asset Management, an investment firm specializing in digital assets, has announced a new partnership with Invesco Asset Management (Japan) to offer Japanese investors exposure to digital assets and blockchain technology.

Japanese domestic ‘Invesco Global Blockchain Equity Fund, which will be managed by Invesco Capital Management LLC with a delegation from Invesco Japan, will track the performance of the Elwood Blockchain Global Equity Index, according to a statement.

The latest move follows the 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 global index provider with expertise in tailor-made indices. The index is reviewed and rebalanced quarterly.

There are currently very few investment offerings which provide access to the opportunity presented by blockchain, said Bin Ren, chief executive of Elwood. This is perhaps due to the fact that blockchain has been interpreted in narrowest terms and thus typically thought to be 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,” Ren said. “At Elwood we are committed to creating breakthrough products in digital assets for global investors.”

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