THE CUMAX Loan Fund (to be launched in 2019)
The fundamental investment objective of the CUMAX Loan Fund is to earn the highest level of income consistent with capital preservation and liquidity by investing primarily in Jamaican dollar money market instruments.
Who Should Invest In The Portfolio
The Portfolio invests primarily in short term government and commercial paper denominated in Jamaican dollars. It may also invest in non-Jamaican, dollar-denominated money market instruments, including Commercial paper, investment grade obligations of companies based in the Caribbean, US, UK and Canada, to generate higher yields on a total return basis subject to the constraints set out in the General Restrictions below.
The Portfolio may invest in medium to long-term debt securities to the extent that such securities provide a
In selecting debt 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.