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The US currency Fortress World Funds have registered gains over the past year ranging from 1 % to 8%. The June 2023 quarterly report for the Fortress World…
The US$ Fortress World Funds made gains in the first quarter of 2023 while still showing declines over the past year. This update was shared with investors…
Risky government credits and limited investment options continue to be a major challenge for mutual funds in the Caribbean, says Investment Director of Fortress Fund Managers Roger Cave.He gave this indication as he reported that after a good start to the 2022 financial year, the Barbados dollar funds managed by Fortress Fund Managers declined late in the year, although still outperforming those in other markets.Highlights of the three Barbados dollar funds – Fortress Caribbean High Interest Fund, Fortress Caribbean Growth Fund and Fortress Caribbean Pension Fund – were shared with investors recently in the 2022 Annual Report.Cave pointed out that the Fortress Caribbean High Interest Fund continued to face challenges finding new local investments consistent with its risk and return objectives, and undeployed cash remained a drag on performance.