Kleinwort Hambros launches new actively managed blockchain note

Date: 24 Apr 2019


Kleinwort Hambros, a private bank and wealth manager in the UK, has today announced the launch of a new Luxembourg-listed, actively managed blockchain note. The exchange-traded note (ETN) will be available exclusively to existing and prospective clients.

The ETN has been launched to give investors the opportunity to gain market access to the companies which could profit most from the development and adoption of blockchain technology. The initial basket of stocks will include companies carefully selected 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.

The portfolio of stocks will initially comprise of 20 names diversified across industries and countries, and will be drawn from sectors including technology, shipping, oil and gas, custody banking and industrials.

It will be actively managed by the Kleinwort Hambros investment team, benefitting clients by tapping into the rapidly growing technology, which in the energy sector alone is set to grow from $208m in 2017 to $11.9bn in 2024*.

Commenting on the launch, John Birdwood, Portfolio Manager at Kleinwort Hambros, said: “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.

“We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.”

Minimum investment in the note is £1,000 GBP and the note is only available to existing or prospective clients.

* Zion Market Research as of December 2018

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