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 Elsalvador.com 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."


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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. 

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