PANews January 25, 2023 — According to a report by CriptoNoticias, AFP Protección, Colombia's second-largest pension fund administrator, plans to launch a Bitcoin exposure fund aimed at long-term asset allocation and diversification, rather than short-term speculation. The product will be available to investors who pass a risk assessment through a personalized investment advisory process, and will only allow them to allocate a portion of their investment portfolio to Bitcoin. Protección manages the assets of approximately 8.5 million clients, covering mandatory pensions, voluntary pensions, and severance accounts, with total assets under management exceeding 220 trillion Colombian pesos (approximately $55 billion USD).
Colombia's Second-Largest Pension Fund Aims to Launch Bitcoin Exposure Fund
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Summary
Colombia's second-largest pension fund, AFP Protección, is preparing a Bitcoin exposure fund focused on long-term investing and portfolio diversification. The offering will target clients who meet specific risk-to-reward ratio criteria through a tailored advisory process. Investors will be able to allocate a limited portion of their assets to Bitcoin. Protección oversees 8.5 million accounts, including pensions and severance funds, with total assets exceeding 220 trillion Colombian pesos ($55 billion).
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