According to Bloomberg, Australian pension and wealth company AMP allocated Bitcoin for the first time this year. AMP's chief investment officer said that after testing and careful consideration, digital assets were included in the dynamic asset allocation plan in May, with an allocation ratio of about 0.05% of pension assets.
AMP’s senior portfolio manager noted that this Bitcoin futures investment reflects structural changes in the digital asset industry over the past year, including the launch of exchange-traded funds by leading investment managers that invest directly in Bitcoin and Ethereum.
AMP stressed that while its super members benefited from it, the company fully recognised the risks and volatility of this emerging asset class and would continue to manage its holdings carefully.
