Australia's large pension fund AMP has invested in Bitcoin futures products for the first time, with an investment of 27 million Australian dollars

BlockBeats news, on December 13, Australia's leading pension and wealth management company AMP announced the allocation of Bitcoin futures products, with an investment scale of 27 million Australian dollars (about 17.2 million US dollars), accounting for 0.05% of its total pension assets. AMP Chief Investment Officer Anna Shelley said that this allocation is based on the structural opportunities in the digital asset industry, especially the launch of innovative products such as Bitcoin spot ETFs by mainstream investment institutions.

AMP senior portfolio manager Steve Flegg said in a post on LinkedIn this week that the fund "took a risk and moderately allocated Bitcoin" earlier this year. The agency completed its layout through the dynamic asset allocation (DAA) strategy in May 2024 and currently has no plans to increase its holdings.

It is worth noting that this is the first time that Australia's A$4.1 trillion pension system has entered crypto assets. Although Reserve Bank of Australia Chairman Michele Bullock is cautious about crypto assets, AMP said it will continue to manage related portfolios under a strict risk control framework. (Golden Ten)