Invesco is launching an innovative ETF (exchange traded fund) designed to target companies with potential to generate real earnings from blockchain technology.
The Invesco Elwood Global Blockchain UCITS ETF has been developed in partnership with Elwood Asset Management (“Elwood”), an investment firm specializing in providing institutional investors with exposure to digital assets and blockchain technology.
The index currently has 46% in information technology, 23% in financials, 9% in communication services and 8% in both the materials and consumer discretionary sectors. The three largest geographical allocations are to the US (39%), Japan (29%) and Taiwan (12%).
Written By Brian Wang