Importantly, any simulated past performance of the Finexia Crypto Collective is not a guarantee or reliable guide to the future performance of the product. Cryptocurrencies are extremely risky and there is no guarantee of a financial return on your investment. You may LOSE ALL or PART OF your investment. You should carefully consider your goals, risk comfort levels and seek professional financial advice before investing in the Finexia Crypto Collective. You should also obtain a copy of the PDS and TMD and consider them before making any decision to invest in the Finexia Crypto Collective.
You must read the Target Market Determination (“TMD”) in full before making a decision to invest. This document is for the purposes of section 994B of the Corporations Act 2001 (Cth) ("Corporations Act") in respect of a Deferred Purchase Agreement ("DPA") issued by Finexia Securities, specifically the Finexia Crypto Collective.
This document is not a product disclosure statement (PDS) and does not take into account any particular investor’s objective, financial situation or needs. You should refer to our PDS and consider obtaining independent financial product advice before deciding to invest in the Finexia Crypto Collective.
You can access a copy of the latest version of this TMD by clicking the button below:
You must read the Product Disclosure Statement (“PDS”) in full before making a decision to invest. The PDS is a summary of significant information about the Finexia Crypto Collective (“Product”).
If your investment makes a profit during the month, we will charge you a performance fee for our shared success. The performance fee is set at 10%. For example, if the basket increases in value by 2% in any given month, Finexia would collect 0.2% and you would retain the balance of 1.8%. If a profit is not made during the month, no fee is earned and the basket is simply rebalanced.
The information in the PDS is general information only and does not take into account your personal situation, needs or objectives. You should obtain professional advice before making an investment in the Finexia Crypto Collective.
You can access a copy of the latest version of this PDS by clicking the button below:
The basket will be purchased and managed on your behalf by an Australian Financial Services company who are listed on the Australian Securities Exchange*.
The coins will be held on our behalf by a specialist custodian who will insure against loss or theft by a third party. The coins will be “cold stored” behind an institutional grade security system.
You do not need to record or store Blockchain codes or passwords, minimising the chance of theft or loss.
* The Issuer of the Finexia Crypto Collective is Strategic Investment Portfolios Pty Ltd (ACN 632 644 609 ) and the Arranger is Finexia Securities Limited (ABN 61 608 667 778, AFSL 485760). Both companies are wholly owned subsidiaries of Australian listed company Finexia Financial Group Limited (FNX:ASX, ACN 106 760 418).
We offer entry and exit into the product during a defined Trade Period each month. On the first Business day of each month, we will:
1- Provide you with a statement of your holdings. We will provide you with a statement of your holdings showing the dollar value of your investment. The value of the Finexia Crypto Collective will be updated and published on the first Business Day of every month, at about 12:00pm AEST.
2- Rebalance the Reference Basket (‘basket’) back to the core weightings as disclosed in the PDS. The overall value of the basket will be different each month. We do this to maintain the diversification of the basket. This will involve us buying and selling the individual coins to arrive at the core weightings.
3- Advise you of the revised composition of the Finexia Crypto Collective for the new month. Furthermore, we will give you the option to increase your investment or request a buy-back (withdraw) part or all of your investment. Should you choose to withdraw, you will have your money back within three business days.
Purchase a collection of cryptocurrency coins in a single transaction that provides you with exposure to the 6 most traded and liquid coins on the market.
The type and number of coins in the basket is put together by the Finexia Investment Team and is designed to provide you with a better return than if you had purchased Bitcoin (BTC) or Ethereum (ETH) in a single coin transaction.
Our Collection is designed to have half of its total value made up by both Bitcoin (BTC) and Ethereum (ETH). The other half of the Basket will be the 4 next largest and most liquid alt coins of the cryptocurrencies. The exact blend and proportions of the coins has been devised by our Investment Team and will be made available to you for the coming month.
The value of the basket will change as the value of the underlying coins change in the live market. The Finexia Crypto Basket price will commence at A$1,000, so the combined value of BTC and ETH will be A$500 and the balance of the other 4 coins will have a combined value of A$500 at commencement.
Finexia will charge you 5%, or $50, for every $1,000 you invest. This covers the cost of purchasing your basket, insuring it and providing the custodian services.
If your investment makes a profit during the month, we will charge a fee for our shared success. This will be equal to 10% of the gain during the month. You keep your 90% to rollover to the next month or withdraw. If a profit is not made during the month, then we just rebalance and roll over your investment. For example, if your basket increases in value by 2% in a month, Finexia would collect 0.2% and you would keep the balance of 1.8%.
