Operating independently from the Bank of Saint Lucia and overseen by a dedicated Board of Directors, the fund seeks to broaden investment opportunities for its clients. By pooling capital from investors, the BOSL Global Investment Fund allocates funds to stocks, bonds, and other investment avenues, distributing associated risks and returns among contributors.
Evaristus Jn Marie, Chairman of BOSL's Board, highlighted the strategic importance of the investment fund during its launch. Jn Marie explained, “This Fund has been carefully crafted to cater to three specialised investment objectives: long-term growth, income preservation, and balanced returns.”
He expressed confidence that this initiative would empower individuals to manage their financial assets effectively. Stressing the meticulous planning behind the fund's introduction, Jn Marie underscored the commitment to upholding the highest standards of integrity.
He stated, “For us at the Bank of Saint Lucia, the BOSL Global Investment Fund represents more than just the establishment of a new investment vehicle; it marks the beginning of a journey towards financial freedom, security, and prosperity.”
The Global Investment Fund will consist of three distinct sub-funds: the "BOSL Global Growth Fund," the "BOSL Global Balanced Fund," and the "BOSL Global Income Fund." These sub-funds will enable the overall fund to achieve its objectives and execute its strategies effectively.
Prime Minister and Minister for Finance, Hon Philip J Pierre, hailed the launch as a significant milestone and a testament to the bank's dedication to financial innovation.
Pierre emphasised BOSL's responsiveness to the growing demand for diverse and profitable investment options for citizens. Reflecting on the bank's evolution since its controversial merger in 2001, the Prime Minister described the mutual fund as a financial milestone, the first of its kind in the OECS, contributing significantly to Saint Lucia's local financial economy.
"Today, we celebrate the realisation of this vision, and the Bank of Saint Lucia is one of the largest financial institutions in the region," he said.
The introduction of the BOSL Global Investment Fund represents a pivotal moment in the financial sector, aligning with the bank's long-term vision of growth, innovation, and prosperity for its customers.