Colombia’s second-largest private pension and severance fund manager, AFP Protección, is preparing to launch an investment fund with exposure to Bitcoin (CRYPTO:BTC) for a narrow segment of its client base.
The initiative was confirmed by Juan David Correa, president of Protección SA, during an interview with local media outlet Valora Analitik.
The proposed Bitcoin-linked fund will be accessible only to qualified investors who pass a personalised advisory and risk assessment process.
Protección said participation will depend on each client’s risk profile and investment objectives rather than being broadly available to all pension holders.
The most important element is diversification.
Correa said.
Those who can participate will find a space for a percentage of their portfolio, if they so wish, to be exposed to this type of asset.
He added.
The company stressed that any Bitcoin exposure would represent only a small allocation within eligible portfolios.
Protección clarified that the new product will not alter the core structure of Colombian pension savings managed by the firm.