Scotia Investments’ Premium Short-Term Income Fund delivered industry topping performance for 2022

Kingston, Jamaica – February 27, 2023- The Jamaican dollar-denominated Scotia Premium Short-Term Income Fund from Scotia Investments Jamaica Limited (SIJL) posted a 5.49 per cent return for 2022, making it the top such financial investment product for the year when compared to similar products in the market.

The Scotia Premium Short-Term Income Fund, in both Jamaican and US currencies, invest in short-term debt instruments such as government securities, Certificates of Deposit, repurchase agreements, global bonds, and other cash equivalents.

“The Fund is open to all investors, and we believe it fits well in anyone’s investment portfolio, but based on the risk profile of the product, it’s typically more suited for the more conservative investor,” noted Marie Lyn James, Assistant Vice President – Investment Services.

She also highlighted a reduction in the minimum invested amounts required for SIJL clients and advised that a Scotia Investments account can now be opened for JA$250,000, lowered from its old minimum of JA$500,000.

This lower threshold James says, “ will allow more people to start an investment portfolio and benefit from the strength and expertise that the Scotia Investments brand has to offer.”

“However, purchasing units in the Jamaican dollar-denominated Scotia Premium Short-Term Income Fund starts at JA$150,000 and customers can make regular contributions as low as JA$10,000 to quickly grow their investment portfolio,” she further highlighted.

James noted other benefits of the Scotia Premium Short-Term Income Funds including an income component which provides quarterly income to investors alongside growing their capital.

The Scotia Premium Short-Term Income funds were launched in 2021 and are the latest in a suite of funds created by SIJL. Under the leadership of the newly appointed Head of Wealth Management & CEO, Scotia Investments, Sabrina Cooper, SIJL is expected to continue to innovate within the investments space in 2023.- The Jamaican dollar-denominated Scotia Premium Short-Term Income Fund from Scotia Investments Jamaica Limited (SIJL) posted a 5.49 per cent return for 2022, making it the top such financial investment product for the year when compared to similar products in the market.

The Scotia Premium Short-Term Income Fund, in both Jamaican and US currencies, invest in short-term debt instruments such as government securities, Certificates of Deposit, repurchase agreements, global bonds, and other cash equivalents.

“The Fund is open to all investors, and we believe it fits well in anyone’s investment portfolio, but based on the risk profile of the product, it’s typically more suited for the more conservative investor,” noted Marie Lyn James, Assistant Vice President – Investment Services.

She also highlighted a reduction in the minimum invested amounts required for SIJL clients and advised that a Scotia Investments account can now be opened for JA$250,000, lowered from its old minimum of JA$500,000.

This lower threshold James says, “ will allow more people to start an investment portfolio and benefit from the strength and expertise that the Scotia Investments brand has to offer.”

“However, purchasing units in the Jamaican dollar-denominated Scotia Premium Short-Term Income Fund starts at JA$150,000 and customers can make regular contributions as low as JA$10,000 to quickly grow their investment portfolio,” she further highlighted.

James noted other benefits of the Scotia Premium Short-Term Income Funds including an income component which provides quarterly income to investors alongside growing their capital.

The Scotia Premium Short-Term Income funds were launched in 2021 and are the latest in a suite of funds created by SIJL. Under the leadership of the newly appointed Head of Wealth Management & CEO, Scotia Investments, Sabrina Cooper, SIJL is expected to continue to innovate within the investments space in 2023.