THE Bahamas International Securities Exchange (BISX) has boosted its mutual fund listings with an addition facilitated by a Bahamian-owned administrator.
The exchange yesterday confirmed that the Artisans of Value (SAC) Brick1 Cell Dubai fund had completed the listing process and been added to the exchange.
Artisans of Value is an open-ended mutual fund incorporated as an International Business Company (IBC) under Bahamian law. It is registered as a Segregated Accounts Company (SAC) as defined by the 2004 Act of the same name.
Keith Davies, BISX's chief executive, said: "We are happy to welcome the first fund listing by Genesis Fund Services on to the exchange, and we are pleased to see financial services providers continuing to see the value in the BISX Mutual Fund Listing Facility.
"Genesis Fund Services is an innovative Bahamian-owned mutual fund administrator, and we look forward to working with them in the future and continuing the growth of our mutual fund business."
CFAL Securities served as the BISX sponsor member that brought the Artisans of Value (SAC) Brick1 Cell Dubai fund to BISX. Genesis Fund Services serves as the fund's administrator, and Mindful Wealth Pte is the investment manager. Ansbacher (Bahamas) serves as custodian.
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