New Zealand Pension Fund Allocates 5% to Bitcoin
Fernando Alberca | bottom KiwiSaver Growth Strategy, which manages $350 million retirement plans, has allocated 5% of its portfolio to bitcoin, as reported by New Zealand’s Stuff News Agency. The pension fund started investing in crypto assets in October 2020, so This first purchase has already increased to 600% in just six months. In the opinion of James Gregor, chief investment officer at New Zealand Funds Management, operator of the KiwiSaver Growth Strategy Fund, “If investing in gold sounds right...