Invesco Launches Global Blockchain ETF on London Exchange

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Invesco Launches Global Blockchain ETF on London Exchange

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%).

SOURCES- Invesco

Written By Brian Wang

By admin| 2019-03-12T21:53:41+00:00 March 12th, 2019|Categories: blockchain, cryptocurrency, exchanges, fintech, technology|Tags: blockchain, cryptocurrencies, derivatives, etf, exchange|Comments Off

About the Author: admin

Brian Wang, MBA and BSc, is a business oriented futurist, speaker and author of emerging and disruptive technologies. Sole author and writer of nextbigfuture.com, a science focused news site that covers disruptive technologies and trends globally in industries including Medicine, Technology, Science, Artificial Intelligence, Robotics, Biotechnology, Nanotechnology, etc. Nextbigfuture is Ranked #1 “Science News Blog” worldwide by Alexa, an Amazon company. Website traffic: 2M page views per month and 4M unique readers annually. Lecturer at Singularity University - provided 4 annual reviews of developments in nanotechnology. Sought after speaker at TEDx (lecture on Energy), University of Toronto (futurism) and Transhuman Visions. Contributor on 10-year plan for the Institute for the Future.