TechFlow news — On December 13, according to Jinshi News, AMP, a leading Australian pension and wealth management firm, announced its allocation to Bitcoin futures products, investing 27 million Australian dollars (approximately 17.2 million U.S. dollars), accounting for 0.05% of its total pension assets. Anna Shelley, AMP's Chief Investment Officer, stated that the allocation is based on structural opportunities in the digital asset industry, particularly innovations such as spot Bitcoin ETFs launched by mainstream investment institutions.
Steve Flegg, Senior Portfolio Manager at AMP, mentioned in a post this week on LinkedIn that the fund "ventured and modestly allocated to Bitcoin" earlier this year. The institution completed the positioning in May 2024 through a Dynamic Asset Allocation (DAA) strategy and currently has no plans for further增持.
Notably, this marks the first time Australia’s 4.1 trillion Australian dollar pension system has entered the crypto asset space. Although Reserve Bank of Australia Governor Michele Bullock remains cautious toward crypto assets, AMP stated it will continue managing the related portfolio within a strict risk control framework.
