Mutual Fund as a Digital (Virtual) Asset

• Mutual Fund (List of Assets)

– Does not have physical size, weight, color

– Does have a ‘particular collection’ of virtual assets

– The construct of the collection defines the potential for value

– It can be sold as-is, repackaged with other funds, grouped with dissimilar asset classes for added diversification and preservation of capital

– Hence, the concept of a supply chain can be applied to the distribution of funds (via wholesalers and distributors) and in the reverse to the collection of capital (AUM) and management and distribution fees (loads, premiums, expenses, …)

•Fund of Funds (List of Lists)

– This is layering cost upon cost, idea upon idea
– Value created, perhaps also undermined?

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