Mutual funds are a managed portfolio of investments that pools money together with other investors to purchase a collection of stocks, bonds, or short-term investments.

Yes. Barbados Central Securities Trust Inc (BCSTI) remains the custodian trustee.

A mutual fund aims to create a more diversified portfolio than the average investor could own on their own. Mutual funds have professional Fund managers who buy and sell the securities in trying to obtain the optimum value for you. Shareholders have the option to reinvest income from dividends where applicable.

There are three (3) sub-funds:

• VM Wealth Capital Growth Fund
• VM Wealth Income Fund
• VM Wealth Property Fund

The investment objective for the sub-funds include:

• VM Wealth Capital Growth Fund – to provide investors with long-term growth through the capital appreciation of their investments.
• VM Wealth Income Fund – to provide high income consistent with the preservation and conservation of capital.
• VM Wealth Property Fund – long term capital appreciation through investment in real estate in both commercial and residential property.

Access is restricted to investors in Barbados.

Barbados dollars.

Yes. There is a management fee for each fund.

Yes

In keeping with the policy established in 2018, there is a limitation on redemptions to 20% of the holdings per Unitholder. There can be deviations from the policy for extenuating circumstances whereby a Unitholder can withdraw due to medical emergency or a senior citizen who requires the income to supplement their financial resources.

Mutual Funds are a diversified pool of investments which comprises different industries, companies, and asset classes. The risk is more concentrated for investments in individual securities while the risk is shared for Mutual Funds.

The principal is not secured, and returns are not guaranteed.  However, the Funds are managed by expert Fund Managers to optimize returns.

The ability to use one’s holdings as collateral to secure a loan depends on the different financial institutions and the asset class of the instruments they will hold as collateral.

You may access the historical performance of the funds here: https://vmwealthfunds.myvmgroup.com/funds/#resources

For subscriptions, clients may purchase units into any of the funds by depositing money to the bank account (account #s shared with all investors). The number of units allocated will be determined by the price of the NAV for the given day.

For redemptions, Clients are able to redeem their funds at their convenience with no penalties once the holding period has passed. The Units will be priced at the NAV for that given day.

1. Two forms of valid ID such as Passport, National ID Card with photo
2. Proof of residential address (e.g. utility bill, bank statement)

Clients’ statements will be available quarterly along with a newsletter giving a performance update of the Funds.

Yes. Clients are able to set up a standing order at any financial institution to send regular subscriptions to your Mutual Fund account. Units will be purchased at the NAV rate for the day the funds are receipted.

The features and benefits of the mutual funds include:

• Professional Management by Expert Fund Managers
• Convenience
• Low cost
• Diversification
• Liquidity
• Potential for higher returns
• Protect your investment from rising inflation
• Safety and transparency

No. However this will be offered to the clients in the future.

All tax laws on the island of Barbados will be applicable.

wealthinfo@myvmgroup.com

Toll free line 1-844-562-0552 

246-537-4076

One Welches, Welches, St. Thomas, Barbados

This is to allow VM Wealth Funds to comply with current regulatory requirements that were not in place when the funds were initially offered.  

Dividend reinvested will not be charges withholding tax and the entire gain will be used for additional investment.