US asset manager VanEck has launched an actively managed exchange-traded fund (ETF) that combines stocks, bonds and real assets with a targeted allocation to Bitcoin.
According to Tuesday's announcement, the VanEck Wealth Builder ETF (NYSE: WBMO) invests in both VanEck and third-party ETFs, with a target Bitcoin allocation of 2% and a permitted range of 1% to 5%, according to the company's website. Bitcoin exposure comes through a spot Bitcoin ETP rather than direct holdings of the cryptocurrency.
Built on existing model portfolios
The fund builds on VanEck's existing Wealth Builder model portfolios, previously available to financial advisers through third-party wealth management platforms. Its strategy incorporates exposure to global equities, fixed income, gold and other real assets, with allocations managed and rebalanced by VanEck.
"The traditional 60/40 portfolio was built for a different investment landscape," said David Schassler, VanEck's head of multi-asset solutions.
He said adding real assets alongside stocks and bonds could help investors navigate a wider range of economic conditions.
Follows retirement platform partnership
The launch follows VanEck's March partnership with retirement platform Basic Capital, which made a selection of the asset manager's digital asset exchange-traded products available through US employer-sponsored 401(k) plans. VanEck managed about $244.1 billion in assets as of Sept. 30, according to the company.
