The Leno International Equity Sub-Fund Lists on BISX
Posted by Leno Media | November 29th 2022
The Bahamas International Securities Exchange (BISX) is pleased to announce that Leno International Investment Fund SAC – Class B Shares (“Leno International Equity Fund”) has successfully completed the BISX Mutual Fund Listing Process and has been listed on the Exchange. Leno International Equity Fund is a sub-fund of Leno International Investment Fund SAC. This umbrella fund has previously listed Leno International Income sub-fund on BISX in July 2018.
As a result, this Fund has now been added to the roster of Funds listed on the Exchange. Leno International Investment Fund SAC – Leno International Equity Fund Class B is an open-end, investment fund. The Fund is a Limited Liability Company, incorporated under the Companies Act of 1992. It is registered as a Segregated Account Company under Section 6 of the Segregated Accounts Companies Act 2004. The Fund is licensed as a Standard Fund under the Investment Funds Act of 2019.
Leno’s Chief Operating Officer, Andre White advised that: “Our clients have been asking us for more choices in the international markets. With this Fund, we are allowing Bahamians to participate with an initial minimum investment of $5,000 and increments of $1,000. The Fund is suited for individual and institutional investors seeking growth opportunities outside the Bahamian capital market. The launch of Leno International Equity Fund is consistent with Leno’s commitment to bridge the gap between investors and their future financial goals.”
BISX Chief Executive Officer, Keith Davies, commented: “I am pleased to welcome to listing this new fund from Leno. Leno has been a Member of BISX for almost a decade now and we have been excited as they have added new business lines and services for Bahamian investors. We are also thrilled at the way all of our BISX Broker Dealer Members have used mutual funds to expose investors to diverse investment products. BISX listed Bahamian Dollar mutual funds this year has passed the $1 Billion Assets under Management threshold, and this is due to the commitment of our Members to the Bahamian capital markets.”
Leno Corporate Services Limited served as the BISX Sponsor Member that brought the Funds to the Exchange. The investment decisions will be made by Leno Asset Management Limited. Leno Corporate Services Limited has been appointed to serve as the Administrator of this Fund.