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.
The fund builds on VanEcks 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, VanEcks head of multi-asset solutions.
He said adding real assets alongside stocks and bonds could help investors navigate a wider range of economic conditions.
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.
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