Deep Tide TechFlow news, on December 13, according to Jin Shi reports, Australia's leading pension and wealth management company AMP announced the allocation of Bitcoin futures products, with an investment scale of 27 million Australian dollars (approximately 17.2 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 structural opportunities in the digital asset industry, especially as mainstream investment institutions launch innovative products such as Bitcoin spot ETFs.
AMP Senior Portfolio Manager Steve Flegg stated in a post on LinkedIn this week that the fund 'took a risk and moderately allocated to Bitcoin' earlier this year. The institution completed its layout 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 Australia's 4.1 trillion Australian dollar pension system has ventured into crypto assets. Although Reserve Bank of Australia Governor Michele Bullock holds a cautious attitude towards crypto assets, AMP stated that it will continue to manage related portfolios under a strict risk control framework.
