Business
Barbados Stock Exchange stimulated by new Royal Fidelity securities
Activity of the Barbados Stock Exchange was given a little boost yesterday (September 19) when Royal Fidelity Merchant Bank & Trust (Barbados ) Limited brought two new securities to the index.
During a small ceremony at the Barbados Stock Exchange , Royal Fidelity’s managing director Archie Cuke announced the listing of the Royal Fidelity TIGRS Series A2 and TIGRS Series A3.
“The listing of these TIGRS on the exchange will allow them to be publicly traded, which provides liquidity for initial investors and an avenue for new investors to participate. Our primary aim of introducing these securities is to provide one way for local investors to use Barbados dollars to gain US Dollar international investment exposure, to diversify their portfolio, to increase their potential for returns, and to simultaneously protect their initial investment,” said Cuke to mark the occasion.
