Source: 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.”
The 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.