On December 13, AMP, Australia's leading pension and wealth management company, announced the allocation of Bitcoin futures products, with an investment size of 270 million Australian dollars (approximately 172 million US dollars), accounting for 0.05% of its total pension assets. AMP Chief Investment Officer Anna Shelley stated that this allocation is based on the structural opportunities in the digital asset industry, particularly the innovative products such as the launch of Bitcoin spot ETFs by mainstream investment institutions.
In a post on LinkedIn this week, AMP Senior Portfolio Manager Steve Flegg stated that the fund "cautiously and moderately allocated to Bitcoin" earlier this year. The institution completed the deployment through a Dynamic Asset Allocation (DAA) strategy in May 2024 and currently has no plans for further increases.
It is worth noting that this is the first time the 4.1 trillion Australian dollar pension system in Australia has ventured into crypto assets. Although the Reserve Bank of Australia Governor Michele Bullock has a cautious attitude towards crypto assets, AMP stated that it will continue to manage the relevant investment portfolio within a strict risk control framework. (Jinshi)
