Summary

The Fund invests in companies which have one or more of the following characteristics:

  1. The company's product(s) must be well established in the local and or regional markets.
  2. The price of the company's shares are attractively priced as measured by their Price to Earnings and Price to Book Value Ratios compared with Industry Averages.
  3. The company is recording high rates of growth in revenues and profits.
  4. The company is in a solid position of sustainable export earnings.
  5. The company's shares are depressed following a period of unusual or temporarily poor results.

Since most of the Caribbean companies are quite small by international standards, the Fund could easily become a significant shareholder. It will not however acquire more than 10% of the voting shares of any one company. The Fund does not invest in the shares or fixed income securities of Cave Shepherd & Co Limited.

The Fund acts strictly as a portfolio investor and does not take legal and or management control or seek directorships in any of the companies in which it invests.