The Malaysian fund management company Cross Light Capital has joined forces with Affin Bank to create the country’s first actively managed digital asset fund. This innovative fund, known as the Performa Digital Asset Fund, offers investors the opportunity to invest in digital assets through exchange-traded funds (ETFs) and exchange-traded products (ETPs).
Jason Lee, CEO and Chief Investment Officer of Cross Light Capital, emphasized that the actively managed approach allows for effective navigation in the dynamic digital asset space, providing clients with sophisticated investment tools beyond traditional asset classes. The new fund will offer Affin Bank’s clients access to a diverse range of investments, including Bitcoin, Ethereum, and shares of companies involved in blockchain technology.
Calvin Goon Cheng Yew, Head of Asset Management at Affin Bank, noted that the bank is committed to delivering exceptional value to its clients, ensuring their investments are in line with the regulations of the Securities Commission Malaysia. This partnership allows investors to diversify their portfolios and capitalize on the potential of the digital economy.
The Performa Digital Asset Fund allocates its investments as follows: one-third goes to Bitcoin ETPs, another third to Ethereum ETPs, and the remaining portion is invested in blockchain-related stocks. The fund is designed for experienced investors with a high-risk tolerance, with an initial minimum investment of USD 1,000. The fund does not charge withdrawal fees, providing flexibility for investors who wish to actively manage their investments.
This fund represents a significant step in providing Malaysian investors with opportunities to invest in the expanding digital asset space.
