Scotia Investments Announce Strong Returns Across Unit Trust Funds

Scotia Investments Jamaica Limited has announced strong returns across its suite of Unit Trust Funds for 2024, reinforcing its commitment to providing investors with options suited to various risk appetites and financial goals.

In a statement on Monday it disclosed that the funds delivered a commendable performance, bolstered by a proactive investment strategy and expert fund management.

Among the standout performers, the Scotia Premium Short-Term Income Fund in Jamaican dollars achieved an impressive 8.68 per cent return, securing the top spot amongst its peers.

Scotia Investments says this fund, which primarily invests in Jamaican dollar denominated money market assets and short-term fixed income securities, outperformed similar type funds in the market.

Scotia Investments senior manager of wealth services, Sherene Todd, says investors seeking competitive returns with a quarterly income stream have found the Scotia Premium Short-Term Income Fund to be a good option.

She says their strategic foresight also enables Scotia Investments to capitalise on favourable market conditions, delivering meaningful value to clients.

Meanwhile, Scotia Investments says its Premium Growth Fund also demonstrated exceptional results, delivering a 9.64 per cent return and ranking among the top three out of nine equity based funds in its peer group.

The fund outperformed the JSE Main Market Index by 6.54 per cent.