BSX approves fund listings
Global Blue Chip Fund Limited and the Butterfield International Balanced Fund.
The listing committee announced the approval of the listings of up to 5,000,000 non-voting, redeemable Shares of Butterfield Global Blue Chip Fund Limited and an unlimited number of units each representing an undivided beneficial interest in the trust fund of Butterfield International Balanced Fund.
The Global Blue Chip Fund was established under the laws of the Cayman Islands as an open-ended Exempted Mutual Fund Company on November 5th, 1998.
The principal objective of the Fund is to achieve long term capital growth by holding for each Class a global portfolio of international `blue chip' equities.
The BSX said that in selecting investments for the Fund, the Investment Advisor will seek to identify long-term growth companies.
The approval is for the listing of the International Balance Fund in US Dollar Class and Sterling Class of Shares.
This company was established as an open-ended, multi-class Unit Trust also under the laws of the Cayman Islands by a Trust Deed dated June 18, 1996.