Monday, Oct 21, 2019
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BISX crosses 90-fund threshold

Keith Davies.

The Bahamas International Securities Exchange (BISX) has crossed the threshold of 90 funds listed on the exchange, BISX’s Chief Executive Officer Keith Davies revealed.

Davies said BISX is looking forward to passing the 100-fund listing mark.

“Milestones such as this are only possible due to the hard work put in by our sponsor members, including Winterbotham, which has been steadfast in its support of BISX and our drive to expand the exchange’s mutual fund listing facility,” Davies said in a press release that announced the listing of three new funds by The Winterbotham Trust Company Limited.

The release explained that Winterbotham successfully completed BISX’s mutual fund listing process in order to have Planifolia Trade Finance Fund Ltd.; T Wealth Fund Ltd.; and ADIFO Global Multi-Asset Fund Ltd., with classes A, B, and C, held on the exchange.

“All of the funds are open-ended mutual funds with subscriptions and redemptions carried out by the relevant fund administrator,” the release stated.

“The funds are incorporated as international business companies under the laws of the Commonwealth of The Bahamas and are licensed under the Investment Funds Act, 2003.”

Winterbotham Chief Executive Officer Ivan Hooper said the funds have diverse investment objectives.

“We continue our sponsoring efforts, this time with the listing of three new funds, one of them with three separate share classes, for a total of five listings,” Hooper said in the release.

“UCAP Bahamas Limited, the investment manager for these funds, is a great example of such a manager and we hope to be able to continue to sponsor further funds in the future.

“As the largest fund administrator by number of funds in The Bahamas, and the largest sponsor of listed funds with over 45 percent of fund-related listings, partnering with BISX has become a key component of our offering and a key enhancer in our ability to attract funds to The Bahamas.”

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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