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Australian pension fund Rest Super to invest in cryptocurrencies

Dominican Republic, Santiago, Santiago
Published 1 week ago
ID #1035
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Australian pension fund Rest Super to invest in cryptocurrencies
Dominican Republic, Santiago, Santiago,
Published 1 week ago

Description

Australian pension fund Rest Super will become the country's first pension fund to invest in cryptocurrencies.

The fund has more than $ 46.8 billion of assets under management and around 1.8 million members. Retirement is the equivalent of a 401k or individual retirement account in the United States and is required for all employees. So far, this $ 2.4 trillion sector has been extremely cautious about cryptocurrencies.

ASIC President Joe Longo Says Growing Demand for Cryptocurrencies "Impossible to Ignore"

During Rest Super's annual general meeting, held on November 23, the firm's chief investment officer, Andrew Lill, told its members that the company views digital assets as an "important part" of its portfolio for the future. future, but that it will proceed "with care and caution."


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    minew
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    minew
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    Listing location

    Dominican Republic, Santiago, Santiago
    V. Santiago C 566