Product - Growth Yield Token
The Growth Yield Token (GYT) is a liquid fund-of-hedge-funds (RWA) product. The fund issuer has partnered up with AXC labs to unlock on-chain liquidity and on-chain composability. The fund of hedge funds is an OFC fund, domiciled in Hong Kong. Its investment strategy allocates capital to top-performing global hedge funds, including firms such as TCI, Citadel, Point72, Brevan Howard, and others.
The underlying fund manager GROW Investment Group has over 20 years of industry experience and has established strategic shareholder relationships with entities like Julius Baer and Lighthouse. The fund manager William Ma CFA CAIA: First Generational Fund of Hedge Fund Managers in Asia, Global board member at CAIA, Founder and CIO of GROW Investment Group (Backed Julius Baer & Lighthouse), Ex-CIO Noah Holdings (NYSE: Noah) 90B AUM China largest private wealth manager.
Key facts¶
| Underlying Assets | Fund: GROW Heritage Fund (FoF) Entity: GROW Asset Management (HK) Limited |
|---|---|
| Estimated APY | 14% |
| Blockchain | BSC, Ethereum, Plume |
| Yield Type | Accumulating Token |
| Custodian | GoFintech Trust Limited (00290.HK); HK SFC Type 1,4,6 and 9 Licenses HK TCSP licensed (TC 007765) |
| Fund Admin | WE services Limited |
| Fund Auditor | Advanced CPA Limited |
| NAV | Official : Monthly Estimate: Real Time |
| Deposit | Minimum $10 |
| Transfer | Permissionless transferability |
| Exit | 1. Instant withdrawal: GYT <> USDC/USDT 2. Quarterly withdrawal: GYT <> USDC/USDT |
| Base Currency | USDC/USDT |
| Other Fees | 1. Management Fee 2. Instant or Quarterly Withdrawal Fee 3. Performance Fee |
Historic returns¶
According to historical performance from 2019 to 2025, the fund of funds recorded an annualized compound return of 17.86%, with an annualized volatility of 14.88%, a maximum drawdown of -11.47% (-1.73% per year), and a Sharpe ratio of 1.91 (using SOFR as the risk-free rate). These figures outperform the annual return of the S&P 500 Index.
| Grow Heritage Fund | S&P 500 Benchmark | |
|---|---|---|
| Compound Annual Return | 17.86% | 16.60% |
| Annualized Volatility | 14.88% | 16.95% |
| Maximum Drawdown (6 years) | -11.47% | -34.00% |
| Sharpe Ratio | 1.91 | 0.75 |
Portfolio¶
Exposure¶
GROW Heritage Fund adopts a Fund of Hedge Funds (FoHF) approach, investing in a curated selection of top-tier, low-correlation hedge funds worldwide. The objective is to capture scarce investment opportunities while optimizing risk through diversified strategy allocation.
-Equity Long/Short Strategies: Maintains both long and short equity positions to generate returns from both sides of the market while mitigating downside risk.
-Multi-Strategy Approach: Combines equity, macro, and arbitrage sub-strategies within a single fund, dynamically adjusting weights to adapt to market conditions.
Relative Value Strategies: Exploits pricing inefficiencies between related assets, such as fixed-income arbitrage and volatility arbitrage.
-Global Macro Strategies: Utilizes a top-down, research-driven approach to identify macroeconomic opportunities, allocating across FX, equities, bonds, futures, and options, with flexible positioning to capture opportunities across asset classes.
