London Stock Exchange welcomes Invesco and Elwood Asset Management celebrating the launch of Invesco Elwood Global Blockchain UCITS ETF

Invesco, a leading independent global investment manager with more than $946 billion* in assets under management, and Elwood Asset Management (“Elwood”), an investment firm specialising in providing institutional investors with exposure to digital assets and blockchain technology, today opened London Stock Exchange markets to mark the launch of the Invesco Elwood Global Blockchain UCITS ETF (exchange traded fund), an innovative ETF designed to target companies with potential to general real earnings from blockchain technology.

The ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents. The index offers exposure to global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the potential growth of blockchain technology.

Matthew Tagliani, Head of EMEA ETF Product & Sales Strategy at Invesco, commented;
"We believe the potential for blockchain technology to disrupt the status quo of companies in virtually every industry makes for a strong long-term investment case. This new fund offers exposure with the added benefit of Elwood’s expertise along with the attractions of our ETF structure."

Bin Ren, CEO of Elwood, explains;
"Blockchain has been around for a decade, but many people still see it just as the technology behind cryptocurrencies. The true potential, however, may extend far beyond that. We are beginning to see the technology being used by financial services companies in particular, but we expect greater application of blockchain technology across a wide range of industries. We believe the potential for blockchain to change the global economy is greatly underappreciated in today’s market, much like the internet was in the beginning, when most people couldn’t see past its usefulness for email."

A blockchain is a ledger that enables the transfer of assets to create a transparent, unalterable, traceable and permanent record of all transactions involving those particular assets. Cryptocurrencies were the first assets to use the blockchain technology, but assets can also be physical, or they could be medical records, legal contracts or any other information that flows between multiple parties.

 ETF

Invesco Elwood Global Blockchain UCITS ETF

Bloomberg code

BCHN

Exchange

LSE

Reference index

Elwood Blockchain Global Equity Index

Base / trading currency

USD / USD and GBP

Ongoing charge (per annum)

0.65%

*Source: Invesco, 28 February 2019. AUM in USD.

The Invesco Elwood Global Blockchain UCITS ETF is the latest example of Invesco’s expertise in identifying new and interesting segments of the market and creating funds that enable investors to access those opportunities efficiently. Invesco launched the first ETFs in Europe that provided targeted exposure to the financial technology and biotechnology sectors, and the firm also offers a full range of US and European sector ETFs.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
11 Mar 2019
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