Fund Management
What's New In Investments, Funds? - Kleinwort Hambros
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The latest in funds and investments in Europe, the Middle East and Africa.
Kleinwort Hambros
UK-based private bank Kleinwort Hambros,
has launched a new Luxembourg-listed, actively managed blockchain
note that gives clients exposure to development of distributed
ledger technology.
The exchange-traded note will be available exclusively to
existing and prospective clients. The note’s initial basket of
stocks will include companies considered to benefit from the
potential growth of blockchain, either through the sale of
software services, or through the improvement in margins that the
installation of blockchain technology may produce.
Blockchain, most usually associated with crypto-currency
blockchain, is a ledger technology that enables financial and
other transactions to take place without them having to be
validated by an independent third party. Advocates say the tech
will revolutionise finance, legal services, handling of medical
records, even voting in elections.
Kleinwort Hambros said the portfolio of stocks will initially
comprise 20 names diversified across industries and countries,
and will be drawn from sectors including technology, shipping,
oil and gas, custody banking and industrials.
“We have seen increasing interest from clients in the area of
blockchain and we are very excited to be able to cater to this
demand with the launch of our first blockchain note,” John
Birdwood, portfolio manager at Kleinwort Hambros, said.
Clients must invest at least £1,000 ($1,305) to get access to the
note.