CASTRIES, St. Lucia, CMC – The Financial institution of St. Lucia Restricted (BOSL) has launched what it describes because the first-ever indigenous mutual fund that marks a “milestone within the monetary panorama” of the island and the broader Jap Caribbean Forex Union (ECCU).
The monetary establishment mentioned that the BOSL World Funding Fund is a professionally managed funding alternative that swimming pools cash from many traders to spend money on inventory, bonds, and different securities “with the returns and dangers shared by the traders.”
The fund is denominated in US {dollars} and introduces three choices referred to as “Sub Funds,” the financial institution mentioned, every crafted to cater to numerous funding preferences and targets.
“We’re thrilled to introduce the BOSL World Funding Fund to the general public, which is a testomony to our dedication to offering revolutionary and various funding options to St. Lucians and the remainder of the Caribbean,” mentioned the fund’s director, Medford Francis.
BOSL mentioned that to enhance the launch of the fund, it will likely be embarking upon an in depth academic marketing campaign “to make sure potential traders comprehend the advantages and dangers related to international fairness investments.”
The ECCU teams Anguilla, Antigua and Barbuda islands, Dominica, Grenada, Montserrat, St. Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines.
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