Steady growth of Sagicor Investments' Sigma US-Dollar funds


Steady growth of Sagicor Investments' Sigma US-Dollar funds

Wednesday, October 23, 2019

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Sagicor Investments Jamaica is reporting a steady growth rate of the three newly launched unit trust funds after one year on the local market. The funds — Sigma Global Bonds, Sigma Global Equity and Sigma Global Corporate — have had a year-to-date growth rate of 9.91 per cent, 11.07 per cent and 8.28 per cent, respectively, as of October 7, 2019.

Last year the investment house added the three US-dollar — denominated fixed income global funds to its suite of Sigma unit trust products, as an additional option for investors seeking suitable equity and bond investments in US dollars.

The new bond fund was invested in sovereign bonds, mainly Government of Jamaica global bonds, while the equity fund was invested in equities listed on recognised global exchanges. The corporate fund derived returns mainly from USD global corporate and sovereign debt securities.

According to chief executive Officer of Sagicor Investments, Kevin Donaldson the aim at Sagicor Investments is to help Jamaicans create, grow and preserve wealth.

“The funds have allowed investors of varied income levels to realise their goals, and we look forward to even stronger performance in the future. This means that persons invested in this fund will continue to see strong wealth creation which can only come from investing in businesses and owning a share of solid companies,” Donaldson was quoted in a press release.

He added that there is continued confidence in the local capital markets due to current economic conditions.

Meanwhile, the Sigma Equity Fund, which is invested in some of the largest companies on the Jamaica Stock Exchange, recorded returns as high as 35 per cent as of July 2019.

One of the largest fund managers in Jamaica, Sagicor Investments manages approximately $25 billion in equities on the market.

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