Butterfield fund launched
Butterfield Select Invest Fund Limited was launched this week by Butterfield Asset Management as a globally diverse mutual fund. Butterfield Asset Management, the investment division of Butterfield Bank, introduced the new fund offering investors exposure to over 50 internationally recognised funds ? all for an initial deposit of US$1,000.
Butterfield Select Invest Fund is a complementary fund to the successful Select Class of funds ? Select Fund (Equity Class), Select Fund (Fixed Income Class), Select Fund (Alternative Class) ? currently offered by Butterfield Asset Management.
The new Butterfield Select Invest Fund combines the investment features of all three of the Select Class of funds without the prerequisite of the $10,000 minimum deposit for each (if the investor were to invest in all three separately).