DeFi+ Core AMC

DeFi+ Core AMC

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Sector exposure

Exposure to the decentralised finance (DeFi) sector through the governance tokens of the most established DeFi applications.

Intelligent rules-based passive strategy

Constituent selection and weighting are entirely rules based and data driven, tracking the key metrics that measure the prominence of each project.

Easy access

Transparent and liquid access to the sector building the future of finance sector via a daily liquid product.

Key facts

Strategy manager Sygnum Bank AG
Strategy Rules-based passive strategy
Rebalancing Quarterly
Legal structure Actively managed certificate
Index Sygnum DeFi sector index
Index administrator Sygnum
Issuer DLT1 PCC Limited
Domicile Guernsey
Independent directors Albecq
Custodian Sygnum Bank AG, Zurich
Paying agent Incore, Zurich
Inception date 17 December 2021
Base currency USD
Management fee 1.5%
Performance fee None
ISIN CH1121995992

Trading information

Min. ticket size 10 certificates
Subscription Daily
Redemption Daily
Subscription fee Up to 3%
Redemption fee 0%
Trading currency USD

Portfolio metrics

Since inception -69.8%
Since inception, ann. -41.6%
1 year 3.7%
Best month 64.1%
Worst month -39.2%
Volatility ratio 71.2%
Sharpe ratio -0.6
As of the end of last month.

Portfolio breakdown

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      Objective

      The AMC aims to track the performance of the DeFi sector by investing in the tokens of the ten most established DeFi projects based on transparent quantitative selection criteria. 

      Investment approach

      Token selection and weighting follows Sygnum’s rule-based criteria. The tokens are ranked based on their market capitalisation, liquidity, user adoption and smart contract risk.  

      Only tokens where reliable, high-quality custody and execution are available are selected for the portfolio. 

      The top ten ranked tokens are selected and the product tracks the performance of the selected basket of tokens.

      Quarterly rebalancing ensures that the portfolio stays invested in the most relevant tokens over time.

      Risk/return profile

      The product aims to achieve significant returns through capital appreciation of its token investments. Due to the directional market exposure of the strategy the product is highly volatility with significant risk of drawdowns.

      What can investors expect

      • Exposure to the performance of the DeFi sector 
      • Transparent, fully rules based passive product 
      • Constituent selection and weighting rules appropriate for the crypto market and the DeFi sector 
      • Daily liquidity 
      • Underlying tokens held in secure custody 

      How to invest

      Sygnum clients can invest via their Sygnum relationship manager. Institutional and private qualified investors can contact the Sygnum Asset Management team directly or invest over any bank by reaching out to the paying agent (Incore, Switzerland).

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