New Investment Funds in Costa Rica

Three financial funds in colones and dollars have started to be marketed by the fund management company of group Prival, of Panamanian origin.

Monday, October 31, 2016

Three financial investment funds have now received authorization for public offering by the General Superintendency of Securities.

One of the funds is public and in colones, another is public in dollars and the third is diversified and in dollars. Manager Vidal Villalobos told Nacion.com that   "... 'The difference between the public fund in colones and the diversified fund in colones is that the latter not only invests in public titles but will also invest at least 30% of the fund in private instruments'.

"... Investors who use this fund (any of the three) should be willing to accept yields (adjusted for inflation) which are low, and even negative in some years, in exchange for a reduced risk of loss of principal and a high level of liquidity' said the company in a presentation. "



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. 

Panamanians Set Up Fund Management Company in Costa Rica

August 2016

Grupo Prival has received authorization to operate an investment fund management company in the local market.

The Superintendency of Securities has authorized Grupo Prival to open a fund company, and it has a term of a year in which to register at least one investment fund.

Nicaragua: Investment Fund Company Opens

October 2014

Grupo Invercasa has received authorization to create and manage funds in real estate and financial investment in the country and plans to raise $150 million over the next five years.

With the creation of the fund management company Invercasa the aim is to raise investment of $150 million in the first five years of operation, primarily through the model of real estate investment funds.

Panama to Create Sovereign Fund

July 2010

This fund would consolidate all the shares owned by the State of Panama in several companies.

The government of Panama has requested proposals on how to organize this fund to three investment banks: Merrill Lynch, J.P. Morgan and Macquarie Capital.

“Panama’s Finance Ministry reported that this proposal is being analyzed, and explained that the fund will be state-owned, as it would be made of assets owed by the State of Panama”, reported Prensa.com. “Authorities are also considering administering the fund through a holding company”.

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