Today UK private bank
Kleinwort Hambros announced an actively managed blockchain note. The Luxembourg exchange-traded note (ETN) will invest in a basket of blockchain-related stocks. Companies are selected because of the potential impact of blockchain. That includes through the “sale of software services, or through the improvement in margins that the installation of blockchain technology may produce”.
This sort of investment could appeal to more conservative investors who are interested in exposure to the blockchain sector but are wary of exposure to cryptocurrencies.
The announcement mentions that shipping and
bulk commodities are two areas of interest because of the potential for margin improvements. “We like companies with complex supply chains, and those with strong market positions that are difficult to disrupt,” said John Birdwood, Portfolio Manager at Kleinwort Hambros.
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