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New Investar Fund reports growth

Investar Securities Ltd's recently launched Titan Balanced Fund has raised more than $4.5 million from individual and institutional investors in just over a month, according to the Bahamian investment group. Pictured: Investar Securities Ltd president and CEO Ansel Watson. (Photo courtesy Investor Securities)

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Date:
Updated:
TheBahamasInvestor.com
Thursday, August 15, 2019
Thursday, August 15, 2019

Investar Securities Ltd‘s recently launched Titan Balanced Fund has raised more than $4.5 million from individual and institutional investors in just over a month, according to the Bahamian investment group.

“The initial offering period met and exceeded every expectation,” said Investar Securities Ltd president and CEO Ansel Watson. “The response was everything we hoped and more.”

New Investar Fund reports growthThe Titan Balanced Fund launched in June, attracting more than 1,000 investors throughout The Bahamas. Shares were offered at $5 each with a minimum purchase of 100 or $500.

Rate of return was projected at between 7 and 10 per cent, based on high-yield assets including long-lease properties and corporate and government bonds.

For more seasoned investors, the group also operates the Titan Fixed Income Fund – a mutual fund for experienced individuals or corporate investors.

Bahamas Customs and Excise Department has launched a public awareness campaign as it continues to integrate technology into its operations.

Foreign Direct Investment (FDI) inflows to The Bahamas reached $947 million last year, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

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