Monday 1 June, 2020

Sagicor Investments reports steady growth of Sigma US-dollar funds

Kevin Donaldson, CEO, Sagicor Investments.

Kevin Donaldson, CEO, Sagicor Investments.

Sagicor Investments is reporting a steady growth rate of its three recently launched unit trust funds after one year on the local market.

Last year the investment house added 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 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.  

Launched to maximize the earning potential of its clients, 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 recognized global exchanges. The corporate fund derived returns mainly from USD global corporate and sovereign debt securities.

“Our 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,” Donaldson, noted.

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.

“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 said. He indicated continued confidence in the local capital markets given current economic conditions.

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

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