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:

 
 

February 20, 2017 - February 24, 2017

         

 ENDED

 NAME OF FUND

 

NAV

OFFER

BID

NAV CHANGE

17-Feb-17

  REPUBLIC CAPITAL GROWTH FUND

w

1.6650

   

0.0090

17-Feb-17

  REPUBLIC INCOME FUND -*

w

1.5671

   

0.0014

17-Feb-17

  REPUBLIC PROPERTY FUND

w

1.1678

   

-0.0001

17-Feb-17

  FORTRESS CARIBBEAN GROWTH FUND

w

5.4130

5.4130

5.4130

0.0282

17-Feb-17

  FORTRESS HIGH INTEREST FUND - ACC.

w

1.9313

 

 

0.0022

17-Feb-17

  FORTRESS HIGH INTEREST FUND - DIST.

w

1.0086

 

 

0.0011

30-Jan-17

  ROYAL FIDELITY SELECT BALANCED FUND

m

5.0228

5.0228

4.9223

0.0641

30-Jan-17

  ROYAL FIDELITY STRATEGIC GROWTH FUND

m

0.8744

0.8744

0.8569

0.0188

30-Jan-17

  ROYAL FIDELITY PREMIUM INCOME FUND

m

1.5779

1.5779

1.5463

0.0069

24-Feb-17

  SAGICOR GLOBAL BALANCED FUND

w

2.41

   

0.00

24-Feb-17

  SAGICOR SELECT GROWTH FUND

w

1.33

   

0.00

24-Feb-17

  SAGICOR PREFERRED INCOME FUND

w

1.06

   

0.00

* 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