AFP Protección to offer limited Bitcoin investment option to select clients
Colombia’s second-largest private pension fund manager, AFP Protección, plans to launch a new fund that gives clients exposure to Bitcoin, but says the move will not change how most retirement savings are invested.
Company president Juan David Correa said the Bitcoin-linked product will be available only to qualified investors and offered through a personalized advisory process that reviews each client’s risk tolerance.
“The most important element is diversification,” Correa said, adding that eligible investors will be able to dedicate a share of their portfolios to the digital asset if they choose.
Protección stressed that the new option will not affect the core structure of pension funds, which will continue to focus on traditional investments such as bonds, stocks and other fixed-income assets. The Bitcoin exposure is meant as an optional add-on rather than a shift in strategy.
With the launch, Protección becomes the second major pension manager in Colombia to provide access to cryptocurrency investments, following Skandia Administradora de Fondos de Pensiones y Cesantías, which introduced a similar offering last year.
Founded in 1991, Protección manages more than 220 trillion pesos (about $55 billion) for over 8.5 million clients across mandatory and voluntary pension plans.
Featured image from: Cointelegraph.com