Blockchain investment manager INVAO Group has called attention to blockchain assets as an attractive option for diversification, voicing confidence that the technology will become a major part of global financial markets in the future.
In a report posted by Zawya, it was pointed out that as global economic growth reaches its lowest ebb since the 2008 financial crisis and is only showing signs of further slowdown, investors must seek new types of assets with which to diversify their portfolios.
Honing in on the United Arab Emirates (UAE), the report reasoned that as the country’s stock markets have been on an uptrend since the start of 2019, investors should be safeguarding themselves from over-exposure to traditional asset classes, pointing to blockchain as a fresh avenue for varying one’s investments.
Ahmed Jacob, CTO of INVAO Group and Dubai-based Managing Partner, was quoted in the report saying that “in the future, blockchain assets will play an increasingly important role in global financial markets”.
Jacob elaborated that compared to traditional assets and commodities, blockchain assets are “exchange-listed, non-correlated to other asset classes, and have outperformed every other asset class over the past five years”. He also expects blockchain assets to rise in popularity over the next three years and establish themselves as “a new asset class in the UAE’s financial investment landscape”.
Acknowledging the novelty and volatility of blockchain assets, Jacob noted his company has created an investment product that “allows investors to participate in the returns of blockchain markets in a more convenient and secure way.” Additionally, he cited that the IVO bond achieved returns of more than 108 percent in the first six months of 2019 alone.
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