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Germanys Union Investment diversifies portfolio with new blockchain fund [Video]

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German-based fund manager Union Investment has launched a new blockchain fund to diversify its portfolio. Dubbed the UniThemen Blockchain Fund, the blockchain-based fund will operate a multifaceted strategy, holding actual digital currencies and stocks linked to blockchain. 

A closer look at the workings of the fund indicates that 15% of the holdings will be earmarked for digital tokens through certificates. Up to 65%-100% of the UniThemen Blockchain fund’s valuation will be deployed for stocks linked to blockchain, distributed ledger technology (DLT), and digital currencies. There are also plans to allocate a portion of its assets to bonds, as long as they don’t exceed 20% of the total assets. 

Jochen Keller, head of Alternative Investments at Union Investments, noted that the DZ Bank subsidiary would follow the lead of its holding company in embracing digital currencies. 

“The asset structure will become much broader in the future,” said Kerler. “Alternative forms of investment should also be expanded to …

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