CASTRIES, St. Lucia, CMC – The Bank of St. Lucia Limited (BOSL) has launched what it describes as the first-ever indigenous mutual fund that marks a “milestone in the financial landscape” of the island and the wider Eastern Caribbean Currency Union (ECCU).
The financial institution said that the BOSL Global Investment Fund is a professionally managed investment opportunity that pools money from many investors to invest in stock, bonds, and other securities “with the returns and risks shared by the investors.”
The fund is denominated in US dollars and introduces three options called “Sub Funds,” the bank said, each crafted to cater to various investment preferences and objectives.
“We are thrilled to introduce the BOSL Global Investment Fund to the public, which is a testament to our dedication to providing innovative and diverse investment solutions to St. Lucians and the rest of the Caribbean,” said the fund’s director, Medford Francis.
BOSL said that to complement the launch of the fund, it will be embarking upon an extensive educational campaign “to ensure potential investors comprehend the benefits and risks associated with global equity investments.”
The ECCU groups Anguilla, Antigua and Barbuda islands, Dominica, Grenada, Montserrat, St. Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines.
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