Australian asset management company AMP: BTC futures investment exposure accounts for about 0.05% of total pension assets

Odaily Odaily News: Australian pension and wealth management company AMP has become one of the first large retirement fund management companies in the country to invest in cryptocurrency products, investing about A$27 million (US$17.2 million) in Bitcoin futures. AMP Chief Investment Officer Anna Shelley said in emailed comments that the investment in Bitcoin futures reflects the "structural changes" in the digital asset industry over the past year, including the launch of exchange-traded funds (ETFs) by leading investment managers that invest directly in Bitcoin and Ethereum. She added that after testing and careful consideration by our investment team and committee, we included a small and risk-controlled position in digital assets through our dynamic asset allocation plan in May, adding that the exposure accounted for about 0.05% of its total pension assets. (tradingview)