Mashreq rolls out retail multi-asset investment fund: Our friends at Mashreq Capital launched a BTC and multi-asset class (BITMAC) investment fund for retail investors looking for a way into digital assets that remains low-risk, according to a press release. The fund offers a combination of low- and high-risk investment exposure via ETFs by combining equities, fixed income, gold, and BTC, claiming a low risk profile of 9% compared to 30% risk for a purely BTC-focused fund.
How it works: Minimum investments start from USD 100, with 90% of the fund’s allocations going into traditional global stocks and equities, 5% going to gold, and another 5% going to BTC. BITMAC will reinvest using a buy-the-dip model, looking to deliver long-term returns and avoid common retail investment pitfalls of buying high and selling low. It will automatically rebalance asset portfolios on a quarterly basis if one class performs below target or outperforms.
REMEMBER- We recently spoke with Mashreq Capital CEO Philip Philippides about the opportunity available for local asset and fund managers, from the shariah-compliant space to “passive plus” fund. He also talked us through his broader goal of turning Mashreq Capital into a “new age asset manager” with a multi-asset framework — offering innovative products in under-represented segments, from equities to private assets.