SCH Fund published X50 Annual Report 2019
SCH Fund issued the annual report of the X50 fund for 2019 calendar year. The report presents financial results, changes in the portfolio structure and the work plan for the next year.
TL;DR: Everything goes according to the plan.
In spite of the fact that in 2019 the price of the fund’s underlying asset decreased by 5% (from 37.63 to 31.46), the portfolio demonstrated positive dynamics.
In the underlying asset the price of the share increased by 126% and amounted to 0.27 ETH on 31/12/2019. In fiat cost terms, the value of shares increased by 118% over the calendar year (to the starting value there is still a −47% drawdown).
According to the updated fund strategy, more than half of the portfolio’s positions were closed. Free funds will be used for new acquisitions and reinforcing open positions.
At the end of the reporting period the portfolio has the following structure:
The full version of the press release and terms and conditions of the fund are available to investors of the fund in their personal cabinet.
It is impossible to become an investor of the fund.
SCH Fund is a sovereign, anonymous venture investment mutual fund. It was founded in 2017 on the Internet. The fund focuses on investments in projects and teams that develop Web3 technologies.
X50 is a showcase fund created by SCH Fund as a conservative benchmark for investment in Web3 projects. The fund was launched in May 2018 with a starting price of 0.1 ETH. The underlying asset of the fund is ETH.
Released by SCH Asset Management
SCH AM IR office: [email protected]
Adapted by Press Office Shnelreich.ru