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.
Fontana grew its revenue over successive years between financial year 2014 and 2018 (FY 20142018). This equated to the company’s revenue expanding at a Compound Annual Growth Rate (CAGR) of 13.87%, which cumulated with the company recording revenue of J$3.42B in FY 2018.
In the Forex market, the Jamaican Dollar (JMD) continues to strengthen against the major traded currencies. For the week ending November 2, the JMD appreciated by at least $0.49 against the major traded currencies.
The Jamaican Dollar (JMD) continues to gain momentum against it major traded stock. For the week ending October 19, the JMD regained as high as $4.13 against major traded currencies. Year to date, devaluation of the JMD as fallen below 5%.
The Jamaican Dollar (JMD) continues to regain ground against major traded currencies with the exception of the British Pound (GBP). The JMD appreciated against by at least $1.07 against the US, Canadian Dollar and Euro.
The Jamaican Dollar (JMD) showed mixed results against its major traded counterparts. The JMD appreciated against the US Dollar (USD) and British Pound (GBP) with the JMD revaluing by $4.41 against the GBP resulting in a year to date (YTD) loss of only 3.88% when marked against the GBP.