Guatemala: Investment fund created for medium businesses

The private fund, Guatefondo, is the first investment company that will sell shares on the National Stock Exchange (BVN).

Tuesday, August 26, 2008

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.
Steiger said that Guatefondo will invest in shares from medium business or projects worth between US$500 thousand and US$5 million, preferably in areas such as energy, tourism, technology (services) and agriculture.

More on this topic

El Salvador: Stocks Grow By 37%

February 2012

The growth in turnover for 2011 is the result of investment incentive strategies in the stock market and the operation of new mechanisms such as trusts.

An article in Laprensagrafica.com reports that "In 2011, $3.555 billion was traded on the BVES compared to the previous year when a total of $2.59 billion was traded.

Trading Volume Up 40% in Guatemala

December 2009

$31.72 billion were traded in the first 11 months of 2009, 40.4% more than the same period of 2008.

From January to November 2008 $22.58 billion were traded, according to data from Guatemala's National Stock Exchange (BVN).

"Martha Eugenia Coronado, BVN's marketing sub-chief, said the increase happened because there is a cultural shift, companies now see the Stock Market as a means of getting financing, and both investors and issuers gain more confidence in the system", reports Prensalibre.com.

The Stock Exchange of El Salvador traded $5.6 million

August 2008

The trade of international stock marked an important growth during the first semester of the year, indicated the Stock Exchange of El Salvador (BVES).

The purchase of shares increased to $3.3 million, while sales rose to $2.3 million, for a total trade of $5.6 million.
The BVES reported that from January 1 to July 29, 89% of the purchases were done by individuals; 8% by companies from the services sector and the rest by industry. 95% of the sale of international shares was done by individuals and 5% by companies from the services sector.

Panama exchange brushes off world woe in stocks with US$1.2 billion in business

July 2008

Business on the Panama stock exchange totaled US$1.205 billion in the first six months of the year, a 27.9 percent increase on the same period of 2007.

The Panama market has so far remained immune to the problems facing other stock exchanges throughout the world and has been one of only a few in the region to have registered growth.

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