New Investment Fund in El Salvador

The fund is being managed by Banagrícola, it is open and the minimum investment required is $200.

Thursday, February 8, 2018

The goal of the manager of Banagrícola Investment Funds is to reach $30 million in assets during the first year.

Francisco Santa Cruz, general manager of the Banagrícola Investment Fund Manager, explained that "...The minimum investment amount is $200, it is the first open investment fund to be launched in the local market. This means that investors can withdraw their money or a part of it at the time they considers convenient. Nor does it have a defined term for investments, but this is decided by the investor.

Laprensagrafica.com reports that "...The commission that the manager will charge will be charged to the fund, explained the general manager of the manager Banagrícola.  The rate of interest to be paid to investors will depend on the conditions of the market and the equity accumulated by the fund, among other factors, according to explanations given yesterday."

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. 

First Investment Fund in El Salvador

September 2016

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.

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.  

Costa Rica: Investment Funds Recover Participants

January 2014

Still far from reaching the pre-crisis level of 2004, the number of investors has increased driven by process improvements and lower minimum investment amounts.

Data from the General Superintendence of Securities (Sugeval) reveals that 2013 closed with a total of 49,945 investors, 6,124 more than last year. However, the fund market is still below the more than 67,000 investors who participated pre the 2004 crisis.

An Investment Fund for Small Investors

January 2012

Aldesa introduced an investment fund made up of $100 shares to finance the Ad Astra Rocket Company, which is developing a plasma engine for space travel.

A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.

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PRONicaragua

PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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Phone: (505) 2270 6400

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