First Investment Fund in El Salvador

It has been announced that in the last quarter of the year the first short term investment fund will be open, which will require a minimum investment of $500, and will be aimed at conservative investors.

Tuesday, September 6, 2016

The "Profitable Open Short Term Investment Fund" will be managed by the SGB Funds, so far the only company legally authorized to operate such a fund. Two other fund management companies are waiting to receive approval from the Superintendent of the Financial System in order to start operating.  

See "El Salvador: Rules for Investment Funds"

Julia Castaneda, investment manager at  Fondos de Inversión de SGB, told that the fund "... is aimed at a profile of conservative investors, as they are short term, i.e., lasting no more than 180 days. She explained that the minimum investment amount is $500, with which they hope to access as many natural and legal persons as possible."

"... At the end of the first year of running the fund, the manager has projected managing an approximate minimum amount of $35 million. It is worth remembering that open-end funds have a defined term, therefore they allow entry or withdrawal of shareholders at any time."

Do you need information about the financial sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

First Investment Fund in El Salvador

October 2016

Administered by Servicios Generales Bursátiles, the fund is open, short-term, with minimum stake of $500.

The investment fund started with an initial capital of $2 million, but being an open fund, the capital will increase along with the number of investors. 

El Salvador: First Investment Fund Company

June 2015

Ten months after the law on Investment Funds was passed, the opening of the first management company has been announced, which will be part of the company Servicios Generales Bursátiles.

Although approval of the regulation to the law is still pending from the Central Bank, the creation of the first investment fund company has been announced, which will be a sister company to the brokerage firm Servicios Generales Bursátiles (SGB).

Low Liquidity in Costa Rica

February 2012

Although the Central Bank denies liquidity problems in the Costa Rican economy, rates of 23% in the money market indicate nervousness on the part of financial operators.

Concerns about the potential illiquidity of the Costa Rican economy have been reinforced by the judgment by the rating agency Fitch on 14th February.

Liquidity Management Restricted to the BCCR

October 2011

The Administrative Tribunal of Costa Rica has rejected a suit by the National Stock Exchange (BNV in Spanish).

Since the Costa Rican Central Bank (BCCR) created a market for liquidity (MIL) in 2009 to negotiate short-term operations, the interbank market (MIB) operated by the National Stock Exchange for the same purpose, has been affected, as the BCCR’s intention is that all transactions be done on its system, so that there will be better control of financial system liquidity, and hence inflation.

 close (x)

Receive more news about Investment Funds

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Organization that operates in Costa Rica, El Salvador, Nicaragua and Panama.
Phone: (506) 2280 5130

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Apr 1)
Brent Crude Oil
Coffee "C"