SQM Research Rates Monochrome Bitcoin Fund Investment Grade
BRISBANE, March 2, 2021 – Monochrome is pleased to announce the Monochrome Bitcoin Fund (MBF) has received an investment grade rating from respected research house, SQM Research.
During the research rating process, Monochrome’s flagship product was reviewed on a number of key criteria including governance, compliance, team, liquidity and risks.
Achieving an investment grade rating provides Australian wholesale investors, platform providers and advisers with increased confidence in the Monochrome Bitcoin Fund.
Following this research, financial advisers are now able to consider the Monochrome Bitcoin Fund for their approved product list (APL).
Craig Hobart, Head of Distribution at Monochrome, commented: “Following a period of hard, diligent work by our team, Monochrome has earnt an investment grade rating for the Monochrome Bitcoin Fund. This represents an important step in providing market participants with access to the nascent asset class via a regulated and now rated managed investment scheme.
“We believe this rating confirms the quality processes employed in the delivery of the product, and gives financial advisers a new means to engage with wholesale clients and the market.”