What is the Cumax Fund?
The Cumax Fund is a Collective Investment Scheme (CIS) that provides clients with the flexibility of investing in an individual or combined portfolio investment, depending on your investment goals. The value of these investments may change from day to day, and are valued at the prices prevailing at market close.
What is a Collective Investment Scheme?
A Collective Investment Scheme (CIS) is an investment instrument in which the investments of many individuals are pooled together in a fund, and is managed by a Fund Manager.
Investor’s ownership in the fund is determined by the number of units they hold. These investors are called Unit Holders.
Collective Investment Schemes in Jamaica are governed by the provisions of the Securities Acts and are regulated by the Financial Services Commission (FSC), the regulator established by the government to regulate the operations of certain financial institutions such as securities brokers.