While Amplify’s fund will be actively managed, the Reality Shares fund will track an index of companies “that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology,” according to a regulatory filing.
About 60 percent of the index, which rebalances twice a year, is comprised of companies from the information technology sector, according to Reality Shares’s website. The index has advanced 5 percent this year.
This article was provided by Bloomberg News.