MARKET DATA REVIEW : Collective investment schemes for better outcome

What you need to know:

Savings is a portion of income that is not spent on consumption. It is kept to enable you to plan for your future and that of your family. You may wish to own a home and by saving for a deposit to buy the home you can then apply for a home loan and if the application is successful, you can prepare to buy a home. You may also want to save enough money to pay for your children’s school fees, etc.

Closed-end fund: this issues a limited number of shares (or units) in an Initial Public Offering (IPO) or through private placement. If shares are issued through an IPO, they are then traded on a stock exchange. If demand for the shares is high, they may trade at a premium to net asset value. If demand is low they may trade at a discount to net asset value. Further share (or unit) offerings may be made by the vehicle if demand is high although this may affect the share price. Our local experience: We have a few registered fund managers, regulated by the Capital Markets Regulator (or CMSA) and the pension sector regulator (or SSRA). The most visible fund manager has been the UTT-AMIS, that manages five open-ended CIS schemes. We still don’t have closed-ended CIS in our market. We can therefore urge our banks, securities brokers, fund managers, investment advisers to consider structuring these products and introduce them into our market.

MARKET DATA REVIEW : Collective investment schemes for better outcome

What you need to know:

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