Bourse ramps up investment fund

The first tranche of the fund which was launched in November 2005 has produced phenomenal growth within a short period of just over four months, said the company.

Subhas Ramkhelawan, managing director, noted that the fund has produced the highest capital appreciation from all stocks listed in the Trinidad and Tobago market.

“We are very pleased for our investors who chose to participate in the 1st tranche of this highly successful fund. We want now to engage a wider participation in the second tranche for those who did not pursue the opportunity previously.”

Ramkhelawan said the fund’s performance in this depressed market highlights their commitment to provide opportunities for diversification, to our local and regional investors. “Under current conditions it reinforces our position that investors should not put all their eggs in one basket,” he said.

The fund will be widening its participation to include Jamaica and Barbados, the firm said.

Since its listing on the Trinidad and Tobago Stock Exchange on the 23rd November last year, the fund has achieved capital growth of 23% as measured by the net asset value. It is also the top performer on the local equity market gaining 15 percent in share price for year to date.

This, it said must be seen in the context that equities in the local and Jamaican markets have fallen nine percent and 16.6 percent respectively during the same period.

The price per unit of the fund traded on the Trinidad and Tobago Stock Exchange has mirrored the Net Asset Value per unit.