New Zealanders can now bank on digital assets as part of their retirement plan. The KiwiSaver Growth Strategy fund from local fund manager NZ Funds has allocated 5% of its balance sheet to bitcoin.
“If you are happy to invest in gold, you can’t really discount bitcoin,” the firm’s Chief Investment Officer James Grigor said. The fund is majorly built up through traditional assets classes like bonds and shares, but bitcoin is there to act as a counterbalance during the days when it’s not “plain sailing,” he said.
“You may still have a positive view of those asset classes, but other opportunities present themselves,” he added.
