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Treasury Management Solutions

what we do - Institutional solutions

Treasury Management
Solutions
Employee Benefit
Solutions
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Solutions
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Solutions

Our Treasury Management Solutions will help you to confidently manage your organization’s cash flow and working capital needs.

Savinvest Structured Investment Fund (TT)

Repurchase Agreements

Savinvest Investment Income Fund (US)

SavInvest Structured Investment Fund (TT)

This is a Fixed Income Fund that allows you to earn more than your bank accounts may give you on your TT$ savings.
Learn More
Return to - Treasury Management Solutions
Fund Description
Features & Benefits
Fund Specifics
FAQs
Prospectus
Financials
Open an Account
Disclaimer
Fund Description

FUND DESCRIPTION

This is an income mutual fund which allows investors to earn a competitive rate of return on their TT Dollar holdings with low risk.

Fund Manager

The Promoter of the Fund is Bourse Securities Limited who is also the Fund Manager, Investment Manager and Distributor. The investment responsibility for the Fund’s portfolio is delegated to a team of investment professionals at Bourse who are dedicated to its effective management.

What is the Investment Objective of this Fund?

The objective of the Fund is to generate investment returns which are superior to benchmark Money Market rates.

What is the Fund’s investment strategy?

The fund invests in a diversified portfolio of debt securities instruments and contracts, which are collateralized by marketable securities primarily registered or domiciled in Trinidad & Tobago.

Who should invest?

This fund is designed for the short to medium term investor (1 to 2 years) looking for higher than money market benchmark returns on their TT$ holdings. Interest Income and low risk are important considerations for this fund.

Features & Benefits

features & Benefits

Attractive Returns

Higher investment returns than those offered by the local Commercial Banks’ traditional Deposit Accounts.

Liquidity

Easy access to your funds at any point in time, and there are no penalty charges for redemption.

Collateral

Investments in units can be used as collateral for a loan.

Quarterly statements

You will get quarterly statements, either via traditional Mail, or Email.

Income earnings

Quarterly distribution of income that is reinvested automatically. However, you may opt to have your income paid to you separately if you wish.

Fund Specifics

fund SPECIFICS

What is the minimum amount to invest?

  • The minimum initial investment is TT$10,000
  • The minimum subsequent investment is TT$1,000

Redemption of Units

You have the opportunity to redeem your investment at any time. You can access all or part of your funds on any business day by redeeming units held in the Fund.
To redeem units, simply complete and submit the relevant Redemption Form no later than 11 am on any business day to the Fund Administrator, Bourse Securities Limited.

Submissions after 11 am will receive value on the next business day.

An investor who submits a Redemption Form by 11 a.m. on any business day can receive payment within 2 business days.

FAQs

Frequently Asked questions

Bourse can serve you by fulfilling the different roles as follows.

Why would someone choose to invest in an Equity Mutual Fund as opposed to purchase individual stocks?

An investor that purchases individual stock is essentially placing ‘all his/her eggs in one basket’ hence can become exposed to greater risk in event that the stock value declines. A mutual fund invests in a diversified portfolio of assets which minimizes the risk of the fund.

Do mutual funds offer a fixed rate of return?

No, mutual funds invest in securities such as stocks, bonds and financial instruments whose yields and values fluctuate with market conditions.

How does an investor make money in a mutual fund?
  • Distribution
  • Capital Appreciation
What are the risks in Mutual Fund investing?

Mutual Funds are investments in financial securities with fluctuating values. The value of the stocks in a fund’s portfolio can rise or fall based on general economic conditions and the fortunes of the particular companies that issue those stocks.

Growth Funds seek maximum capital appreciation and carry high risk.

Money Market/Income-type Mutual Funds seek capital preservation and carry low risk.

What is the relationship with risk and return?

The higher the risk, the greater the return to the investor and vice versa.

What can an investor do to avoid or reduce risks?

To reduce risks, mutual fund investments should constitute part of an overall portfolio which ought to be spread among:

  • Different companies
  • Different industries

This is known as diversification and is the principle upon which mutual fund is based.

What is a Portfolio?

A portfolio is two or more investments which are not similarly affected by various risk factors. If the price of an investment drops because of the influence of a risk, the price of another investment may rise, thus reducing the impact on the total investment.

The risk on a portfolio is generally lower in comparison to the risk on a single investment.

A mutual fund states the kind of portfolio it seeks to construct and outlines how risk factors are likely to affect such a portfolio.

What is the difference between yield and total return?

Yield is the income per unit paid to a unit holder from dividends and interest over a specified period of time.

Total Return is a measure of the change in total value from the beginning to the end of a specified period, usually a year, including distributions paid to unit holders.

This measure includes income received from dividends and interest, capital gains distributions and any unrealized capital gains or losses.

Are Mutual Funds covered by Depositors’ Insurance?

Mutual Funds are not covered by Depositors’ Insurance as is the case with Bank Deposits. The risk is that of the investor.

How can an investor evaluate a fund’s long-term performance?

By comparing the performance of the fund to one or more securities market indices such as S&P 500 (Benchmark for the SavInvest US Dollar Capital Growth Fund), BSE100 (benchmark for the India component of the SavInvest India Asia Fund), the MSCI AC (All Country) Asia Ex Japan Index (benchmark for the Asia component of the SavInvest India Asia Fund) and T&T Composite Index (benchmark for the SavInvest Capital Growth Fund)

Is an investor’s money locked up for a certain period of time in a mutual fund?

Mutual Funds provide a high level of liquidity to investors. An investor who submits a redemption form by 11am on any business day can receive payment within 5 business days.

How long should an investor keep his/her investment in a Mutual Fund?

This depends on the type of Mutual Fund:

  • For a Capital Growth Fund, it is advisable to keep an investment for the medium to long-term (approximately a minimum of  3-5 years)
  • For a Money Market Fund, it is advisable to keep an investment for the short-term (approximately a minimum of 3 months-1 year)

Many types of funds work best when allowed to ride out the ups and downs of market cycles over long periods of time.

What are the fees associated with a Mutual Fund?

Fees include the following:-

  • Trustee
  • Fund Administration
  • Investment Management
  • Distribution

These fees are calculated as a percentage of the Net Asset Value (NAV) of the Fund and are paid on a quarterly basis.

Is the Management Fee part of the Sales Charge?

Management Fees are paid from the Fund’s Assets and are reflected in the Bid and Offer prices.

In contrast, most sales charges are deducted from the investor’s initial investment.

When an investor purchases units in a Fund, how can he/she tell how well his/her investment is doing?

By taking the total number of units he/she owns and multiplying these by the Fund’s Net Asset Value (NAV) per unit (or Bid Price). He/she should compare today’s value against his beginning value. Bourse provides updates of NAVs of a daily basis. They can be found on our website under the “Current NAV Prices” tab and are published weekly on Monday’s Express Newspaper on page 10

How many persons can invest jointly in a mutual fund?

One MAIN Account holder and up to a maximum of three joint parties are allowed.

Can an investor open a SavInvest Mutual Fund for a minor?

No, accounts can only be opened for individuals over the age of 18 years.

If a unit holder dies, what happens to his/her investment?

For an individual account, the legal representative of the unit holder becomes the rightful owner of the units.

For a joint account, the other party/parties become(s) the rightful owners.

Prospectus

prospectus

The contents of this Prospectus are qualified in their entirety by the detailed provision of the Trust Deed.

Click here to download SavInvest TT Structured Investment Fund Prospectus.

Financials

SavInvest TT Structured Investment Fund

  • Savinvest TT Structured Investment Fund – 30th June 2022
  • Savinvest TT Structured Investment Fund – 31st December 2021
  • Savinvest TT Structured Investment Fund – 30th June 2021
  • Savinvest TT Structured Investment Fund – 31st December 2020
  • Savinvest TT Structured Investment Fund – 30th June 2020
  • Savinvest TT Structured Investment Fund – 31st December 2019
  • Savinvest TT Structured Investment Fund – 30th June 2019
  • Savinvest TT Structured Investment Fund – 31st December 2018
  • Savinvest TT Structured Investment Fund – 30th June 2018
  • Savinvest TT Structured Investment Fund – 31st December 2017
  • Savinvest TT Structured Investment Fund – 30th June 2017
  • Savinvest TT Structured Investment Fund – 31st December 2016
  • Savinvest TT Structured Investment Fund – 30th June 2016
  • Savinvest TT Structured Investment Fund – 31st December 2015
  • Savinvest TT Structured Investment Fund – 30th June 2015

Open an Account

open an account

Interested investors can call 1-868-226-8773 or send an email to sales@boursefinancial.com.

Documentation needed

  • Two (2) forms of photo identification (e.g. National Identification Card, T&T Passport or Driver’s License)
  • Proof of Address not older than 3 months (e.g. Utility Bill, Bank or Credit Card Statement)
  • Pay-slip or Job Letter as proof of income and employment.
  • A Source of Funds Declaration Form (which we will provide).

you can invest using

  • Manager’s cheques
  • Personal cheques (subject to management approval)
  • Wire Transfer of funds
  • Direct deposits at any branch of First Citizens Bank Ltd

Disclaimer

disclaimer

Important information concerning the investment goals, risks, charges and expenses is contained in the prospectus, which is available at any Bourse Securities office or at www.bourseinvestment.com. Investors should carefully consider this information before investing. Performance is subject to variation and is likely to change over time. Past performance should not be treated as an indicator of future performance. 

Repurchase Agreements

This is a customizable fixed-income instrument, where the interest rate and tenors are stated and known at the beginning of the investment. Very similar to a traditional fixed deposit, our REPOs are fully collateralized.
Learn More
Return to - Treasury Management Solutions
Description
Features & Benefits
Repo Specifics
Open an Account
Description

DESCRIPTION

Repurchase Agreements (Repos)

A Repo involves the owner of securities (Bourse) selling some of their securities to an investor (you) under an agreement to be repurchased at a predetermined price at a future date.

Repos are customizable fixed-income money market instruments, where the interest rate and tenors are stated and known at the beginning of the investment.

At Bourse, we provide Repo facilities in both TT Dollar and US Dollar investments.

Who should invest in a REPO?

A Repo is designed for the short to medium term investor looking to ‘warehouse’ surplus funds for substantially higher returns, with low risk.

Repos are also an attractive choice for the investor who may be looking for a similar, but better option than a traditional Bank Fixed Deposit.

Features & Benefits

features & Benefits

Attractive Returns

Superior fixed investment returns in comparison to those offered on regular Money Market Mutual Funds and Banks’ Fixed Deposit Accounts.

Liquidity

The tenor of the Repo may vary from 6 months to 1, 2 or 3 Years.

Low risk

Reduction of counterparty risk due to the collateral exchanged for your funds, unlike fixed deposits and other unsecured short term facilities.

Diversification

A different option for your ‘surplus’ funds, and for your overall Investment portfolio.

Repo Specifics

repo SPECIFICS

Repurchase Agreements (Repos)

A Repo involves the owner of securities (Bourse) selling some of their securities to an investor (you) under an agreement to be repurchased at a predetermined price at a future date.

Repos are customizable fixed-income money market instruments, where the interest rate and tenors are stated and known at the beginning of the investment.

At Bourse, we provide Repo facilities in both TT Dollar and US Dollar investments.

Who should invest in a REPO?

A Repo is designed for the short to medium term investor looking to ‘warehouse’ surplus funds for substantially higher returns, with low risk.

Repos are also an attractive choice for the investor who may be looking for a similar, but better option than a traditional Bank Fixed Deposit.

Open an Account

open an account

Interested investors can call 1-868-226-8773 or send an email to sales@boursefinancial.com.

Documentation needed

  • Two (2) forms of photo identification (e.g. National Identification Card, T&T Passport or Driver’s License)
  • Proof of Address not older than 3 months (e.g. Utility Bill, Bank or Credit Card Statement)
  • Pay-slip or Job Letter as proof of income and employment.
  • A Source of Funds Declaration Form (which we will provide).

you can invest using

  • Manager’s cheques
  • Personal cheques (subject to management approval)
  • Wire Transfer of funds
  • Direct deposits at any branch of First Citizens Bank Ltd

You will be required to open the Account at any of Bourse’s offices, but thereafter, any further Investments may be done at any branch of First Citizens Bank (please notify us if First Citizens is used).

Savinvest Investment Income Fund (US)

This is a Fixed Income Fund that allows you to earn more than your bank accounts may give you on your US$ savings.
Learn More
Return to - Treasury Management Solutions
Fund Description
Features & Benefits
Fund Specifics
Prospectus
Financials
Open an Account
FAQs
Disclaimer
Fund Description

FUND DESCRIPTION

This is an income mutual fund which allows investors to earn a competitive rate of return on their US Dollar holdings with low risk.

Fund Manager

The Promoter of the Fund is Bourse Securities Limited who is also the Fund Manager, Investment Manager and Distributor. The investment responsibility for the Fund’s portfolio is delegated to a team of investment professionals at Bourse who are dedicated to its effective management.

What is the Investment Objective of this Fund?

The objective of the Fund is generate investment returns which are superior to US$ benchmark Money Market rates.

What is the Fund’s investment strategy?

The fund invests in a diversified portfolio of debt securities instruments and contracts, which are collateralized by marketable securities primarily denominated in United States Dollars.

Who should invest?

This fund is designed for the short to medium term investor (1 to 2 years) looking for higher than money market benchmark returns on their US$ holdings. Interest income and low risk are important considerations for this fund.

Features & Benefits

features & Benefits

Attractive Returns

Higher investment returns than those offered by the local Commercial Banks’ traditional Deposit Accounts.

Liquidity

Easy access to your funds at any point in time, and there are no penalty charges for redemption.

Collateral

Investments in units can be used as collateral for a loan.

Quarterly statements

You will get quarterly statements, either via traditional Mail, or Email.

Income earnings

Quarterly distribution of income that is reinvested automatically. However, you may opt to have your income paid to you separately if you wish.

Fund Specifics

fund SPECIFICS

What is the minimum amount to invest?

  • The minimum initial investment is US$2,000.00
  • The minimum subsequent investment is US$200.00

Redemption of Units

You have the opportunity to redeem your investment at any time. You can access all or part of your funds on any business day by redeeming units held in the Fund.

To redeem units, simply complete and submit the relevant Redemption Form no later than 11 am on any business day to the Fund Administrator, Bourse Securities Limited.

Submissions after 11 am will receive value on the next business day.

An investor who submits a Redemption Form by 11 a.m. on any business day can receive payment within 5 business days.

Prospectus

prospectus

The contents of this Prospectus are qualified in their entirety by the detailed provision of the Trust Deed.

Click here to download the SavInvest Investment Income Fund (US)

Financials

Savinvest US Investment Income Fund

  • Savinvest US Investment Income Fund – 31st December 2021
  • Savinvest US Investment Income Fund – 30th June 2021
  • Savinvest US Investment Income Fund – 31st December 2020
  • Savinvest US Investment Income Fund – 30th June 2020
  • Savinvest US Investment Income Fund – 31st December 2019
  • Savinvest US Investment Income Fund – 30th June 2019
  • Savinvest US Investment Income Fund – 31st December 2018
  • Savinvest US Investment Income Fund – 30th June 2018
  • Savinvest US Investment Income Fund – 31st December 2017
  • Savinvest US Investment Income Fund – 30th June 2017
  • Savinvest US Investment Income Fund – 31st December 2016
  • Savinvest US Investment Income Fund – 30th June 2016
  • Savinvest US Investment Income Fund – 31st December 2015
  • Savinvest US Investment Income Fund – 30th June 2015

Open an Account

open an account

Interested investors can call 1-868-226-8773 or send an email to sales@boursefinancial.com.

Documentation needed

  • Two (2) forms of photo identification (e.g. National Identification Card, T&T Passport or Driver’s License)
  • Proof of Address not older than 3 months (e.g. Utility Bill, Bank or Credit Card Statement)
  • Pay-slip or Job Letter as proof of income and employment.
  • A Source of Funds Declaration Form (which we will provide).

you can invest using

  • US Draft
  • US$ Wire Transfer of funds
  • US$ Direct deposits at any branch of First Citizens Bank Ltd

You will be required to open the Account at any of Bourse’s offices, but thereafter, any further Investments may be done at any branch of First Citizens Bank (please notify us if First Citizens is used).

FAQs

Frequently Asked questions

Bourse can serve you by fulfilling the different roles as follows.

Why would someone choose to invest in an Equity Mutual Fund as opposed to purchase individual stocks?

An investor that purchases individual stock is essentially placing ‘all his/her eggs in one basket’ hence can become exposed to greater risk in event that the stock value declines. A mutual fund invests in a diversified portfolio of assets which minimizes the risk of the fund.

Do mutual funds offer a fixed rate of return?

No, mutual funds invest in securities such as stocks, bonds and financial instruments whose yields and values fluctuate with market conditions.

How does an investor make money in a mutual fund?
  • Distribution
  • Capital Appreciation
What are the risks in Mutual Fund investing?

Mutual Funds are investments in financial securities with fluctuating values. The value of the stocks in a fund’s portfolio can rise or fall based on general economic conditions and the fortunes of the particular companies that issue those stocks.

Growth Funds seek maximum capital appreciation and carry high risk.

Money Market/Income-type Mutual Funds seek capital preservation and carry low risk.

What is the relationship with risk and return?

The higher the risk, the greater the return to the investor and vice versa.

What can an investor do to avoid or reduce risks?

To reduce risks, mutual fund investments should constitute part of an overall portfolio which ought to be spread among:

  • Different companies
  • Different industries

This is known as diversification and is the principle upon which mutual fund is based.

What is a Portfolio?

A portfolio is two or more investments which are not similarly affected by various risk factors. If the price of an investment drops because of the influence of a risk, the price of another investment may rise, thus reducing the impact on the total investment.

The risk on a portfolio is generally lower in comparison to the risk on a single investment.

A mutual fund states the kind of portfolio it seeks to construct and outlines how risk factors are likely to affect such a portfolio.

What is the difference between yield and total return?

Yield is the income per unit paid to a unit holder from dividends and interest over a specified period of time.

Total Return is a measure of the change in total value from the beginning to the end of a specified period, usually a year, including distributions paid to unit holders.

This measure includes income received from dividends and interest, capital gains distributions and any unrealized capital gains or losses.

Are Mutual Funds covered by Depositors’ Insurance?

Mutual Funds are not covered by Depositors’ Insurance as is the case with Bank Deposits. The risk is that of the investor.

How can an investor evaluate a fund’s long-term performance?

By comparing the performance of the fund to one or more securities market indices such as S&P 500 (Benchmark for the SavInvest US Dollar Capital Growth Fund), BSE100 (benchmark for the India component of the SavInvest India Asia Fund), the MSCI AC (All Country) Asia Ex Japan Index (benchmark for the Asia component of the SavInvest India Asia Fund) and T&T Composite Index (benchmark for the SavInvest Capital Growth Fund)

Is an investor’s money locked up for a certain period of time in a mutual fund?

Mutual Funds provide a high level of liquidity to investors. An investor who submits a redemption form by 11am on any business day can receive payment within 5 business days.

How long should an investor keep his/her investment in a Mutual Fund?

This depends on the type of Mutual Fund:

  • For a Capital Growth Fund, it is advisable to keep an investment for the medium to long-term (approximately a minimum of  3-5 years)
  • For a Money Market Fund, it is advisable to keep an investment for the short-term (approximately a minimum of 3 months-1 year)

Many types of funds work best when allowed to ride out the ups and downs of market cycles over long periods of time.

What are the fees associated with a Mutual Fund?

Fees include the following:-

  • Trustee
  • Fund Administration
  • Investment Management
  • Distribution

These fees are calculated as a percentage of the Net Asset Value (NAV) of the Fund and are paid on a quarterly basis.

Is the Management Fee part of the Sales Charge?

Management Fees are paid from the Fund’s Assets and are reflected in the Bid and Offer prices.

In contrast, most sales charges are deducted from the investor’s initial investment.

When an investor purchases units in a Fund, how can he/she tell how well his/her investment is doing?

By taking the total number of units he/she owns and multiplying these by the Fund’s Net Asset Value (NAV) per unit (or Bid Price). He/she should compare today’s value against his beginning value. Bourse provides updates of NAVs of a daily basis. They can be found on our website under the “Current NAV Prices” tab and are published weekly on Monday’s Express Newspaper on page 10

How many persons can invest jointly in a mutual fund?

One MAIN Account holder and up to a maximum of three joint parties are allowed.

Can an investor open a SavInvest Mutual Fund for a minor?

No, accounts can only be opened for individuals over the age of 18 years.

If a unit holder dies, what happens to his/her investment?

For an individual account, the legal representative of the unit holder becomes the rightful owner of the units.

For a joint account, the other party/parties become(s) the rightful owners.

Disclaimer

disclaimer

Important information concerning the investment goals, risks, charges and expenses is contained in the prospectus, which is available at any Bourse Securities office or at www.bourseinvestment.com. Investors should carefully consider this information before investing. Performance is subject to variation and is likely to change over time. Past performance should not be treated as an indicator of future performance. 

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Helping individual and institutional investors achieve their financial goals through sound investment management and brokerage advisory services.

Our Products

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Contact Us

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  • (868) 665-5755
  • info@boursefinancial.com
  • 24 Mulchan Seuchan Road,Chaguanas
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Institutional INVESTMENT SERVICES

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