Assets Under Management AUM

Axion Global Asset Management launches its first crypto fund to provide investors with secure and diversified exposure to large-cap crypto opportunities | Taiwan News

HONG KONG SAR – Media Outreach – January 28, 2022 – Axion Global Asset Management Limited (“AGAM” or the “Company”), a subsidiary of Edvance International Holdings Limited (stock code SEHK: 1410.HK), is set to debut in the cryptocurrency space with a new flagship , Smart Beta Fund SP (“Smart Beta Fund”), after receiving approval from the Hong Kong Securities and Futures Commission (“SFC”) to manage portfolios that invest up to 100% in virtual assets.

The Smart Beta Fund aims to provide professional investors1 with superior risk-adjusted returns tracking the Axion Global Smart Beta Liquidity Index. The index, which has consistently outperformed industry benchmarks, is comprised of the top ten eligible cryptocurrencies by market capitalization weighted by proprietary investment factors. The fund’s total assets under management (AUM) are expected to reach US$100 million.

The crypto fund’s debut will follow the company’s recent launch of the Axion Global Innovations fund, which invests in early-stage companies in the burgeoning blockchain and digital asset ecosystem. As an asset manager specializing in different blockchain and digital asset investment strategies, the company will continue to roll out more products to generate returns for investors.

“Investing in digital assets like cryptocurrencies has become a huge irresistible trend. By launching the Smart Beta Fund, we will be able to offer a secure and regulated investment vehicle for professional investors to tap into the rapidly growing market. cryptocurrencies,” said Mr. Scottie Siu, Chief Investment Officer of Axion Global Asset Management Limited. “As part of the collective effort to improve the regulatory landscape for digital assets, we work with reputable custodians and top trading platforms such as BitGo Trust, Coinbase and OSL, leading legal advisers Baker McKenzie and Mourant Ozannes, as well as expert virtual asset fund to establish and operate the fund in accordance with the highest industry and regulatory standards.” The AGAM team was also supported by Sidley Austin, lead legal counsel, during the approval process with the SFC.”

Mr. Gavin Ho, Chief Strategy Officer of Axion Global Asset Management Limited commented, “We are delighted that Axion Global Asset Management has received regulatory approval to make inroads into the virtual asset fund management industry. We see huge potential and demand for innovative digital asset products and offerings in the coming years. Backed by our parent company Edvance International, which has been a leader in cybersecurity for over 20 years, we are at the forefront of the industry to ride the wave of digital assets.

[1] The term “professional investor” has the meaning defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and its subsidiary legislation.

About Axion Global Asset Management Limited

Axion Global Asset Management Limited (AGAM) is an investment management company and an indirect non-wholly owned subsidiary of Edvance International Holdings Limited (stock code SEHK: 1410.HK). It develops investment products focused on digital assets and blockchain opportunities. AGAM holds a license approved by the Hong Kong Securities and Futures Commission to engage in Type 1 (securities trading), Type 4 (securities advisory) and Type 9 (asset management) regulated activities. (EC number: BMG243)

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