Barbados’ Best Performing Mutual Funds For 2016
At the end of its financial year, September 30, 2016, Sagicor Asset Management Inc’s Sagicor Global Balanced Fund and Sagicor Preferred Income Fund emerged as the best performing funds in Barbados, within their respective categories. The funds led the market with returns of 6.9% and 5.2%, respectively. In the growth fund category, the Sagicor Select Growth Fund achieved a competitive return of 7.3%.
In the current prolonged period of low interest rates, individuals should invest to obtain the most competitive level of return. Investments in instruments such as Sagicor Mutual Funds can be used for long-term saving to accomplish various life goals such as providing for a child’s education, acquiring a home, wealth creation and accumulation, retirement as well as providing for the unforeseeable.
The range of funds offered by Sagicor Asset Management Inc. represent diversified portfolios of assets to ensure investors avoid the negative effects of having “all their eggs in one basket”. The consistent, creditable, past performance of the funds outpaces inflation and exceeds the return on near-term investments such as traditional savings accounts and Treasury Bills. An added advantage of the funds is their extremely liquid structure which means clients may easily access their funds.
The Sagicor Asset Management Inc suite of Funds caters to varying levels of risk tolerance. The Sagicor Preferred Income Fund is geared towards more conservative individuals and is largely invested in various bonds. The Sagicor Global Balanced Fund is more proportionately invested between bonds and equities and is suited to investors with moderate risk tolerance. The Sagicor Select Growth Fund is mainly invested in international equities and is suited for investors with higher levels of risk tolerance.