Bourse SavInvest India Asia Fund - Ordinary

Price | 17-Oct

10.72

2017 Return *

▲22.3%

2016 Return *

▼-2.51%

2015 Return *

▼-9.41%

2014 Return *

▲12.12%

Currency

USD

* Returns are bid-bid with the reinvestment of distributions (unannualized).

The fund's price is adjusted for the distributions reinvested on the Reinvestment Date.   Distributions are accrued according to the fund's Accrual Frequency.   Price data are forward-filled on weekends, holidays and other no-quote days.   Returns are not load-adjusted. Bid-to-Bid return is used where applicable.   The Growth of $10,000 (y-axis) is shown using a logarithmic scale.


Special Notes

From the fund's inception date (Nov. 1, 2005) to Nov 7, 2012, the fund operated under a closed-end system and was listed on the Trinidad and Tobago Stock Exchange in Trinidad and Tobago Dollars (TTD). On Nov. 8, 2012, the fund was delisted and converted to an open-end system with units denominated in United Stated Dollars (USD). To aid in comparison, the listed prices of the fund prior to delisting have been converted from TTD to USD. In order to reflect the actual return enjoyed by an investor in the fund, all returns are computed using these converted prices prior to delisting as well as the quoted NAVs after delisting.


Fund Description

The Bourse SavInvest India Asia Fund is a equity mutual fund domiciled in Trinidad and Tobago. The fund was launched in 2005 and manages an estimated $14.5 million (USD) in assets (as at 2016-09-30).

According to the fund's prospectus, its investment objective is "to seek long -term growth of capital by investing in a diversified portfolio of equity securities of not less than 80% in issuers domiciled in India but not excluding other secondary Asian jurisdictions. In addition, the Trustee will seek to benefit from the effect of specific economic trends in the India and/or Asian Markets by allocating an appropriate weighting of the assets of the fund to such industries or sectors. In selecting the countries for investment from Indian and other Asian markets, the Investment Manager would consider factors including but not limited to GDP Growth, foreign investment inflows, rate of inflation, exchange rate, corporate profitability, external debt/GDP, strategic location, sophistication of the financial sector, political stability."

The fund is managed by Bourse Securities Limited. The fund's trustee is First Citizens Trust and Asset Management Limited.



Stewardship

Trustee First Citizens Trust and Asset Management Limited
Manager Bourse Securities Limited
Administrator Bourse Securities Limited
Sponsor Bourse Securities Limited
Advisor NA

Fund Details

Fund Status: Active
Asset Category: Equity
Peer Group: Equity Funds - USD
Sub-Peer Group: Asian Equity
Benchmark: SPA50
Domicile: Trinidad and Tobago
Currency: United States Dollar
NAV Type: Floating
Minimum Investment: 2,000.00
Minimum Add. Investment: 200.00
Distrib. Frequency: None Specified
Distrib. Accrual Frequency: None Specified
Fractional Units Allowed: Yes
Share Type: Closed End
Inception Date: Nov. 1, 2005
Assets Under Mgmt: USD $14,517,367.00 (Sep 30, 2016)