Makes no sense to use it. Just buy whatever you want to buy and store it in your own wallet(s). Or if you want to hold an index fund Iconomi will come out with INCX soon and eventually have managed funds. But in the end the simplest way is to just buy the crypto you want.
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I am skeptical of these "fund" ideas because without side chains somebody has to be in custody of the balance. bitTwenty is the best example of an asset pegged to multiple cryptos that I know of...