The private fund, Guatefondo, is the first investment company that will sell shares on the National Stock Exchange (BVN).
Guatefondo has an authorized starting capital of US$25 million with 25 thousand shares at a nominal value of US$1,000 each. These can be acquired at the National Stock Exchange in multiples of $1000, and may be resold in the secondary market based on current price and conditions, explained Gustavo Steiger, Director of Administradora de Inversiones, the company in charge of the fund.