Skipjack FoF is ready and Final Prospectus Will Begin Open for Sale on July 28, 2018 in United Kingdom, Europe, GCC, North America, APAC.
BRITISH VIRGIN ISLANDS – July 7, 2018 – Skipjack Corporation Inc. (“Skipjack FoFs”) is pleased to announce that it has its final prospectus to launch the Skipjack Fund of Funds (“FoFs”).
What is Funds of Funds?
According to investopia, Funds of Funds is referred to as a multi-manager investment – is an investment strategy in which a fund invests in other types of funds. This strategy invests in a portfolio that contains different underlying assets instead of investing directly in bonds, stocks and other types of securities.
FoF is designed to provide digital encrypcurrencies investors with long-term capital appreciation by actively investing in a diversified mix of Fund of Funds securities of issuers that are involved in the digital currency industry.
Skipjack Launches Funds of Funds: ICO Killer
This end month, it shall become a first world benchmark for Fund of Funds market where Skipjack is the World First Fund of Funds, thanks to a new fund launched by Skipjack FoFs. Plus, Skipjack adds another commodities-focused product to its line-up that’s designed to help investors avoid tax headaches.
It seems like such a simple and straightforward concept, but, believe it or not, it’s a strategy that hasn’t been implemented until now. The Skipjack Fund of Funds (FoF) seeks to select the most liquid investment-grade funds from basket of FoF in fiat and virtual currencies including companies in the S&P 500. Of the entire universe of FoF issued by these companies, the index FoF selects of the most liquid that must be issued by companies that are members of the S&P 500, be rated investment-grade, be issued in the United States, have a remaining maturity of at least one year, have a maturity upon issuance of at least 2 ½ years and have a minimum par value of $750 million. The FoF with the greatest liquidity are included in the index FoF and are weighted by market value.
As you might expect, the fund is filled with some of the biggest bond issuers around, including Verizon (VZ), Apple (AAPL), General Electric (GE), AT&T and Goldman Sachs. It’s also weighted quite heavily toward financial and industrial companies. According to the fund’s fact sheet, the FoF may have has a weighted average maturity of 11.5 years and an effective duration of 7.7 years.
We believe the encrypcurrencies industry is poised to exceed $30 billion by 2021, which would be a 60% compounded annual growth rate in the next few years,” said Patrick, Director of Skipjack Fund of Funds (FoF).
The next wave of growth could be driven by the globalization of the encrypcurrency. Active management in Skipjack allows us to capitalize on these opportunities.”
Skipjack FoF may invest in Fund of Funds in the form of securities of currencies, commodities and virtual currencies listed domestically and globally, and other companies.
Skipjack FoFs will open the initial offering of units to its designated broker by the open of business on July 28, 2018, prior to its initial listing of units on the Encryptrade on November 11, 2018.