The Cumax Liquidity Fund

The fundamental investment objective of the Cumax Liquidity Fund is to earn a moderate level of income consistent with capital preservation and liquidity by investing primarily in Jamaican dollar instruments. This Fund will meet the BOJ requirements regarding instruments to be considered as liquid. These features will be as follows: 

The instrument must be allowable
The instrument must be so designated by the BOJ
The instrument must have a maturity of less than 9 months

Who Should Invest In The Portfolio?

The Cumax Liquidity Fund suitable for accredited investors who are conservative and income oriented.

It is the ideal place to place cash which may be needed in the short-term pending a longer-term investment decision. Investors who have low risk tolerance and for whom security of principal is their primary concern should invest in this portfolio. The portfolio is targeted at Credit Unions that have specific liquidity requirements.



Fund Overview

Short term fund




Primarily short term GOJ and other allowable securities as designated by the BOJ (including having maturity of less than 9 months)

Initial Investment


Subsequent Investment


Holding Period

0 Days


The Portfolio invests primarily in short term government and allowable securities denominated in Jamaican dollars.

To comply with the BOJ requirements that define liquid investments as those having maturity within 9 months, the proposed composition of the instruments in the Fund would be as follows:

Treasury Bills
GOJ instruments with a maturity with the next 9 months
BOJ Certificates of Deposits (CDs)
Repurchase Agreements (REPOs)
Other Allowable assets with a maturity of 9 months

Instruments not meeting the BOJ’s requirements would not be included in the Fund.