Sagicor Mutual Funds
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Mutual Fund – an investment where you ‘pool’ your money with other individuals and investors. You become part owners of the fund itself, and thereby the assets of the fund. The fund, in turn, uses the investor’s cash to purchase securities such as stocks and bonds locally, regionally, or internationally. The most common type of mutual fund, called an openended fund, allows investors to buy and sell stock in it on an ongoing basis.

A fund’s objective is described in its prospectus.It discloses important details about the fund that prospective investors should be aware of including: allowable investments, expenses, and risks. Investors should always read the prospectus carefully before investing in the fund.

The net asset value in an open-ended mutual fund is the value of each share and is the price at which investors buy and sell shares from the fund, excluding any sales or redemption charges.