Sagicor Investments Jamaica Limited is one of Jamaica’s top three leading Financial Services providers. With nearly three decades of experience in the market, we offer a wide range of investment products and services to meet the needs of our clients.
With a strong track record of performance our Sigma Unit Trust funds has been the top performing
funds in the market for the last seven consecutive years. Our stockbrokerage services are also
consistently ranked in the top two since 2006 when we received our license.
Through our team of Professionals we provide you with the knowledge and advise necessary to make the right investment decision. We are committed to delivering exceptional service, and ensuring that we go above and beyond to exceed our customers’ expectations.
A Unit Trust is an investment scheme in which the savings of many individuals are pooled together into what is termed a Fund.
The following entities will be eligible for appointment as trustees:
(1) A company licensed under the Financial Institutions Act;
(2) A company licensed under the Banking Act;
(3) A company licensed under the Building Society Act;
(4) A company licensed under the Securities Act as
(a) a Central Securities Depository
(b) a Securities Dealer or
(c) an Investment Advisor;
(5) A company which
(a) is able to satisfy the FSC’s criteria for Fit and Proper Status, and
(b) meets the stipulated capital requirement
Under the Unit Trust Act, a Unit Trust Fund must have a Trustee (an independent financial institution) which then acts as or appoints a custodian for all the investments of the Unit Trust Fund. These instruments are registered in the name of the Trustee and held for the sole benefit of Unit Holders. The trustee for the Sigma Fund is MF&G Trust & Finance Ltd.
The unit trust manager has a fiduciary responsibility to manage the trusts assets in the best interest of the unit holders. Pan Caribbean Financial Services (PCFS) are the Managers of the Sigma Funds. The manager may delegate its responsibilities to any person approved by the trustee.
You are required to return the certificate (if provided) and sign a transfer form to sell the units. If the certificate cannot be provided, then an indemnity form must be signed and witnessed by a Justice of the Peace before the transaction is processed.
At least one to three (1-3) working days are required to process the withdrawal request.
You will receive a quarterly statement of your account via mail. Unit prices are also published online at www.gopancaribbean.com as well as weekly in the Business Observer and the Financial Gleaner.
Yes, but the account must be closed and a new account opened.
Sigma Optima and Sigma Venture®, which is invested in equities, is TAX-FREE.
Sigma Solution®, Sigma Liberty®, and Sigma Corporate® which are invested in government securities, are tax-free if the principal (up to a maximum of $1M per annum) is held for five years. If the principal is withdrawn before five years, the gains will be taxed at 25%.
Yes. All investments made in Sigma Solution® (J$1M minimum) can be used as collateral. To do so, your financial institution must submit a letter requesting the assignment of funds in their favour. If you have a joint account, all persons will have to sign giving permission for the assignment. A fee is charged for this service.
Encashment is permitted after the following holding periods.
SIGMA SOLUTION® - 60 Days
SIGMA OPTIMA® - 30 Days
SIGMA LIBERTY® - 60 Days
SIGMA VENTURE® – 365 Days
SIGMA CORPORATE® – 365 Days
No, the returns are not guaranteed. However, a review of our performance over the past 10 years shows a consistent level of return, which has outperformed most market indices making Sigma one of the top performing funds in Jamaica and the Caribbean.
With our award-winning software, you can view the historic prices of our five portfolios and calculate the estimated rate of return for a specified time period. Simply select the beginning and end date you are interested in and select the portfolio. Unit Holders can calculate their estimated rate of return (gross amount) from our website – www.gopancaribbean.com