NCB Cap Markets to launch 2 US dollar unit trust products

NCB Capital Markets plans to launch two US-dollar unit trust products within the next three months.

“We are excited at the prospect of offering US dollar unit trust funds for our customers seeking foreign currency investment alternatives,” said NCB Capital Markets CEO Steven Gooden. “We plan to launch this product before the end of our current financial year in September.”

The newest entrant to the unit trust market has already become the third largest player in terms of portfolio size.

Sagicor Investments is the market leader followed by Scotia Investments.

The other market players are Jamaica Money Market Brokers and Barita Investments.

“We’re not yet at the top, but the growth to $5 billion in assets under management within the six months following the product’s introduction is a noteworthy achievement and a testament to the value that our customers have found in the new offering,” said Gooden. “NCB Cap Funds, our Unit Trust product was launched in order to expand the investment options available to our clients.

“The unit trust offers clients better rates of returns and allows them to pursue a mix of investment strategies based on their individual risk appetites and personal investment goals.”

Yields ranging from 7.8 to 8.1 per cent on its fixed income and equity-based unit trust funds placed NCB Capital Markets’ estimated yearly income above the others. Barita’s Income Portfolio product came the closest at 7.76 per cent.

However, NCB Capital Markets unit trust products fell in the middle of the field in terms of growth for the year to June 12, 2014 — ranging from 2.9 to four per cent. Sagicor’s Sigma Global Equity fund grew by 10.7 per cent during the first five and a half months of 2014.

Currently, NCB Capital Markets invest in money market instruments, medium to long-term corporate and government debt instruments as well as local and regional stocks.

Gooden remains confident that the funds will continue to do well, based on the company’s track record of strong financial performance and providing customers with value enhancing investment options.

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NCB Cap Markets to launch 2 US dollar unit trust products

"Don"t even trust yourself," Blake advises athletes

Sport

Paul ReidSunday, August 18, 2013

MOSCOW, Russia — With a number of high-profile athletes testing positive for banned substances in their system, former 2011 IAAF 100m world champion Yohan Blake is leaving nothing to chance and won’t trust anyone, not even himself.Blake, who was forced to watch from afar as training partner and compatriot Usain Bolt won the men’s 100m gold at the 14th IAAF World Championships at the Luzhniki Stadium here a week ago, while rehabbing his injured right leg, said he is not willing to take any chances.He was addressing a press conference with journalists from several countries at a Moscow hotel on Friday, and while refusing to be drawn into the discussion on the failed drug tests by fellow Jamaicans Asafa Powell and Sherone Simpson, he said athletes “have to be really careful and know the people who are around you”.Blake’s advice to athletes was not to even trust themselves. “You can’t trust anyone, not even yourself; when in doubt make sure everything you take is being tested (at a laboratory).”Powell and Simpson were among five Jamaican athletes who tested positive at the recent JAAA National Trials and are awaiting a hearing after their ‘B’ samples confirmed the positive results from the ‘A’ samples.Discus throwers Traves Smikle and Allison Randall, as well as a junior athlete also tested positive.Jamaica’s Yohan Blake as he watches action inside the Luzhniki Stadium in Moscow yesterday. (PHOTO: GARFIELD ROBINSON)

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View the original article here

"Don"t even trust yourself," Blake advises athletes