Friday, Jan 24, 2020
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New mutual fund lists on BISX

The Bahamas International Securities Exchange (BISX) has listed a new fund called the World Oil System’s Fund Ltd., sponsored by The Winterbotham Trust Company Limited.

BISX explained in a release on its website that World Oil System successfully completed the BISX mutual fund listing process to be added to the exchange.

“The fund is an open-ended mutual fund with subscriptions and redemptions carried out by the relevant fund administrator. The fund is incorporated as an international business company under the laws of the Commonwealth of The Bahamas and is licensed under the Investment Funds Act, 2003,” the BISX release stated.

Winterbotham Trust Company Chief Executive Officer Ivan Hooper said in the release that 2019 has been a strong year for his company in regards to sponsoring BISX-listed funds.

“We are pleased to continue sponsoring the listing of funds, this time with the listing of World Oil System Fund Ltd., and hope to continue this throughout the remainder of the year,” Hooper said.

“World Oil System Fund Ltd. invests in the infrastructure, distribution and production of oil and gas. As the largest fund administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas.”

BISX Chief Operating Officer Holland Grant said his company looks forward to more listings from Winterbotham.

“Since Winterbotham joined BISX as a sponsor in 2014, they have been a steadfast partner in listing funds on the exchange and communicating the value additive benefits of a regulated exchange listing to their clients,” Grant said.

“This relationship has been beneficial to them, their clients and the exchange. We look forward to more listings in the future from Winterbotham as it carries out its business plans.”

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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