Mutual Fund Corner

mutual fund is a type of investment vehicle which is made up of a pool of funds collected from many investors. The funds collected are then used to invest in securities such as stocks (shares), bonds, money market instruments and similar assets. Mutual funds are administered by qualified fund managers, who invest the fund's capital in an attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.

One of the main advantages of mutual funds is that they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities, which would be quite difficult (if not impossible) to create with a small amount of capital. Each shareholder participates proportionally in the gain or loss of the fund; the gain or loss is directly proportionate to the amount of shares held by the investor. Mutual fund shares are issued and can typically be purchased or redeemed as needed at the fund's current net asset value (NAV)

 

Here are this week's NAV values:

 
 

May 22, 2017 - May 26, 2017

         

 ENDED

 NAME OF FUND

 

NAV

OFFER

BID

NAV CHANGE

19-May-17

  REPUBLIC CAPITAL GROWTH FUND

w

1.6577

   

0.0032

19-May-17

  REPUBLIC INCOME FUND -*

w

1.5877

   

0.0016

19-May-17

  REPUBLIC PROPERTY FUND

w

1.1679

   

-0.0014

19-May-17

  FORTRESS CARIBBEAN GROWTH FUND

w

5.5076

5.5076

5.5076

-0.0248

19-May-17

  FORTRESS HIGH INTEREST FUND - ACC.

w

1.9425

 

 

-0.0038

19-May-17

  FORTRESS HIGH INTEREST FUND - DIST.

w

1.0019

 

 

-0.0021

30-Apr-17

  ROYAL FIDELITY SELECT BALANCED FUND

m

5.1353

5.1353

5.0326

0.0213

30-Apr-17

  ROYAL FIDELITY STRATEGIC GROWTH FUND

m

0.9096

0.9096

0.8914

0.0038

30-Apr-17

  ROYAL FIDELITY PREMIUM INCOME FUND

m

1.5807

1.5807

1.5491

0.0083

19-May-17

  SAGICOR GLOBAL BALANCED FUND

w

2.44

   

0.00

19-May-17

  SAGICOR SELECT GROWTH FUND

w

1.33

   

-0.01

19-May-17

  SAGICOR PREFERRED INCOME FUND

w

1.07

   

0.01

* Indicates the Fund is currently ex-div

 

                    NOTES:       QUOTATIONS AND NET ASSET VALUE PER SHARE ARE SUPPLIED BY THE FUND MANAGEMENT.

                                         THE OFFERING PRICE INCLUDES NET ASSET VALUE PLUS ENTRY COSTS.

                                m = monthly valuation,                        q = quarterly valuation,                                  w = weekly