|Dear Valued Client,
Having received your feedback, we are pleased to announce a new JN Mutual Fund. The Global US Dollar Fixed Income Fund will enable those investors with a medium risk appetite to invest in a bond portfolio that is primarily denominated in US Dollars. The Net Asset Value (“NAV”) of new Global US Dollar Fixed Income Fund will be calculated and quoted in US Dollars, and will complement the existing Global Fixed Income Fund whose NAV is calculated and quoted in Jamaican dollars.
The Global US Dollar Fixed Income Fund will be attractive to those investors who would not normally be able to purchase individual bonds because of the minimum amount required to do so. It will also be attractive to current investors in Repurchase Agreements who wish to diversify their portfolios and gain the potential for increased returns. Accordingly, the minimum investment in the new Global US Dollar Fixed Income Fund is US$10,000.
We encourage you to review the Offering Document at www.jnfunds.com for all the terms and conditions associated with JN Mutual Funds. In addition, please contact your trusted Financial Advisor at your convenience.
In the upcoming months we will be introducing other new products and services that will give you – our members and clients – increased opportunities to better achieve your financial and other goals.