Today news
About the same in other media
08.12 - 12:29
Australia's Rest Super retirement fund to invest in crypto for its 1.8M members
Reading now: 799
Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies.
The fund has more than $46.8 billion worth of assets under management (AUM) and around 1.8 million members. Superannuation is the equivalent of a 401k or Individual Retirement Account in the U.S. and is compulsory for all employees. Until now the $2.4 trillion sector has been extremely cautious about cryptocurrency.
During Rest Super’s annual general meeting on Nov. 23, the firm’s chief investment officer Andrew Lill told members that the company sees digital assets as an “important part” of its portfolio moving forward but will proceed “carefully and cautiously,” noting that:
Lill went on to add his view that
Read more on cointelegraph.comAbout this in other media
Australian government gives nod to 6 world leading crypto reforms cointelegraph.com /2 years ago
Aussie Crypto Exchange Sinks Amid Complaints, Missing Fund Allegations cryptonews.com /2 years ago
Massive jump in number of Australians who own crypto: Survey cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
