Cross Light Capital, in collaboration with Affin Bank, has launched a new actively-managed digital asset fund, offering investors exposure to the digital assets space through exchange-traded funds (ETFs) and exchange traded products (ETPs).

The Cross Light Capital Performa Digital Asset Fund, which received approval from the Securities Commission earlier this year, is available exclusively for Affin Invikta clients, Affin’s premier banking solution. The fund’s investments is evenly split into Bitcoin ETPs, Ether ETPs, and blockchain-related equities. Given the nature of its investments, the fund is only available to sophisticated investors with an extremely high risk tolerance, as the fund manager anticipates a maximum drawdown of up to 30% to 60% over any one-year period.

The fund is designed primarily for investors with an extremely high risk tolerance, with a maximum drawdown (in US$ share class) of approximately 30% to 60% over any one-year period, as anticipated by the fund manager. As such, the fund’s investment horizon is a long-term one of five to ten years.

Jason Lee, Chief Executive Officer and Chief Investment Officer of Cross Light Capital, emphasised the strategic advantages of the actively managed fund. “Our approach allows us to navigate the dynamic digital asset space effectively, providing our clients with a sophisticated investment vehicle beyond traditional asset classes. Digital assets offer significant growth drivers, including Bitcoin as a store of value, decentralised finance potential, and smart contract adoption in Ether,” he said.

Calvin Goon Cheng Yu, head of wealth management at Affin Bank Bhd, expressed the bank’s commitment to delivering exceptional value to its clients. “By offering access to Cross Light Capital’s digital asset fund, we enable our clients to diversify their portfolios and tap into the potential of the digital economy. More importantly, this investment opportunity can be conveniently accessed through a wholesale fund approved by the Securities Commission Malaysia, ensuring investor protection and convenience,” he explained.

Interested Affin Invikta clients can invest in the fund with a minimum investment amount of US$1,000 (about RM4,722). The initial sales charge is up to 5% while the annual management fee is set at 2%. There are no withdrawal fees.

The fund’s trustee is MTrustee Bhd, with Crowe Malaysia PLT serving as the external auditor. Interactive Brokers LLP acts as the prime broker and custodian, providing operational support and security for the fund’s assets.

The Cross Light Capital Performa Digital Asset Fund isn’t the only actively-managed digital asset fund in Malaysia. The first, Halogen Capital’s Shariah Crypto Titans Fund, was launched just a few weeks ago.

(Source: The Edge Malaysia) 

• TAGS:
• Affin Invikta
• Cross Light Capital
• Cross Light Capital Performa Digital Asset Fund
• Ether