The CUMax Equity Fund

Investment Objective

The Equity Portfolio seeks long term capital appreciation by investing primarily in equity securities, subject to foreign exchange restrictions imposed by the laws of Jamaica. The Portfolio employs an analytical approach to securities selection and offers a dynamic blend of growth and value investing styles. 

Who Should Invest In The Portfolio 

Investors seeking a well-diversified portfolio of stocks to maximize long term growth of capital with moderate dividend income should invest in the CUMAX Equity Portfolio. The Portfolio is intended to be a medium to long term investment. Investors with an aggressive risk profile would invest a greater percentage of their funds in this portfolio. 

Strategy 

Subject to foreign exchange restrictions imposed by the laws of Jamaica, the Portfolio invests primarily in publicly-traded equity securities of companies domiciled in Jamaica, other Caribbean countries and internationally. Equity securities include common and preferred stock, convertible debt securities and rights to acquire such securities. 

In seeking to achieve its Investment Objective, the Manager allocates the Portfolio’s assets primarily on the basis of the anticipated performance of each equity market as well as the relative performance of the various industries/companies within these markets. The Manager takes into consideration the economic condition of each market as well as social and political factors that may affect the investment in that market. Fundamental and technical analyses are employed in the selection of individual companies. 9 

 

In selecting securities denominated in various currencies, the Manager considers, among other factors, the effects of movements in the currency exchange rates on the values of such securities in a manner that will seek to maximize the Portfolio’s total Jamaican dollar return. Investments will only be made in such foreign currency instruments where relevant exemptions from foreign exchange restrictions have been granted. 

The Portfolio may also invest in debt securities of corporate and government issuers domiciled in the various countries. The Portfolio may hold significant cash or cash equivalent positions pending investment or when the Manager considers this desirable as a result of market conditions.