Blockchain-ETF launched on the London Stock Exchange


Invesco’s investment company launched an ETF on the London Stock Exchange, which takes into account the performance of 48 leading companies receiving real profit from the blockchain technology.

The new fund traded on the stock exchange received the name of INVESCO ELWOOD GLOBAL BLOCKCHAIN ETF and will track indexes of such giants like Samsung Eltctronics, Apple, Intel, CME Group, Overstock, Softbank, SBI, Microsoft, Nvidia and other similar companies. To start the blockchain-ETF INVESCO began to cooperate with the London investment company ELWOOD ASSET Management, which provided the global stock index.

The annual portfolio management commission will be 0.65%. The distribution by the economy sectors is as follows: information technologies — 46%, finance — 23%, communications — 9%, production of raw materials and consumer goods — 8%.

According to the head of Elwood Bina Rena, today the potential of the influence of the blockchain on the global economy and profit is underestimated, as well as the Internet immediately after its appearance. Therefore, it was decided to offer ETF investors, which would not only provide access to companies with real incomes, but also the prospects related to blockchain, reflected in the cost of their shares.

Despite the progress of the British, Swiss colleagues continue to lead in this direction. Recently the largest SIX Swiss Stock Exchange added