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The main purpose of Sagicor Select Funds is to trade in securities listed on recognized exchanges. The company is a wholly owned subsidiary of Sagicor Investment Jamaica. As at the end of February 2019, the company consists of one (1) fund – The Financial Select Fund – a close ended non-diversified investment fund.
In the forex market, the JMD straighten for a second consecutive week. The JMD strengthen by as much $3.14 this week. In comparison to the benchmark USD, the JMD appreciated by $0.76 to close at $135.44.
This week in the Forex market, the JMD slumped to an all-time low of JA$141.89: US$1. Similarly, the JMD fell against the GBP and CAD, with the JMD declining by $1.56 to the latter, to close at JA$108.34: CAD$1.