Changes after index Review 2022-5-20
Assets Copying Strategy
No. of copiers
The Fund is passively managed Crypto Fund and tracks the massively popular 2100NEWS Digital Assets Large-caps Tradable Index (NWSLT) which is a collection of tokens and coins without Bitcoin to represent the crypto space—not necessarily the largest by market cap. The Crypto Fund is market-cap weighted, adjusted for trading volume, and free float. The invested amount of a particular cryptocurrency should not exceed 5% of its market capitalization. There is no maximum number of included cryptocurrencies in the NWSLT index; they are added based on the structure of the underlying index NWSL100. Rebalancing is done biweekly. The fund portfolio holds all digital assets in the same capitalization weighting as the index. Individual coins and tokens are bought and sold as the fund attempts to meet its investment objectives. 2100NEWS’s refined indexing process, combined with low management fees and efficient trading, has provided tight tracking, net of expenses.
Our Weekly crypto report and outlook: "the index could get stuck in a narrow range between resistance R2 (+5%) and 10-Days EMA"