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The Sagicor Jamaica Building in New Kingston (File photo)

Sagicor Jamaica says new global funds are performing above market

The Sagicor Jamaica Building in New Kingston (File photo)

Sagicor Investments Jamaica (Photo: YouTube)

Sagicor Investments Jamaica has declared that its three newly launched unit trust funds are delivering returns of over nine percent after just one year on the market.

Last year the investment house added three US dollar-denominated fixed-income global funds to its suite of Sigma unit trust products as an additional option for investors seeking suitable equity and bond investments in US dollars.

The funds – Sigma Global Bonds, Sigma Global Equity and Sigma Global Corporate – have had a year-to-date growth rate of 9.91 percent, 11.07 percent, and 8.28 percent, respectively, as of October 7, 2019.

The bonds, the company said, were launched to maximise the earning potential of its clients.

Sagicor Group Jamaica’s headquarters on Grenada Crescent in New Kingston (Photo: Twitter @SaigcorJA)

The new bond fund was invested in sovereign bonds, mainly Government of Jamaica global bonds, while the equity fund was invested in equities listed on recognised global exchanges. The corporate fund derived returns mainly from USD global corporate and sovereign debt securities.

The company also noted that the Sigma Equity Fund, which is invested in some of the largest companies on the Jamaica Stock Exchange (JSE), recorded returns as high as 35 percent as of July 2019.

One of the largest fund managers in Jamaica, Sagicor Investments manages approximately $25 billion in equities on the market.

Sagicor Group Jamaica is a financial services conglomerate.  The company commenced operations in 1970 as Life of Jamaica Limited, the first locally owned life insurance entity and the first life insurance company to be listed on the JSE. 

Sagicor Jamaica’s main banking branch (Photo: Twitter @SagicorJA)

The group offers products and services in the areas of banking, insurance, investments, real estate, asset management and retirement planning

Sagicor Group Jamaica is a member of the wider Sagicor Financial Corporation. Sagicor Financial Corporation operates in over 20 countries and its processes date back to 1840.

The company is headed by CEO and President Christopher Zacca.