ARTICLE · 28 OCTOBER 1998
MSI-Preferred Investment Fund, Ltd - 1. Preface
With the launch of the MSI-Preferred Investment Fund in 1994, Montaque Securities International, Ltd. ("MSI" or "Montaque Securities International") has distinguished itself as the pioneer in The Bahamas for the introduction of mutual funds as an investment vehicle in the domestic market for the broader public.
THE CONCEPT
A mutual fund is a financial structure that allows you to pool your money with other investors and have it placed in specific investments that will meet the fund's objective.
The mutual fund vehicle offers you the opportunity to invest in a portfolio of securities (such as shares, bonds, and Treasury bills) rather than your attempting to invest in them singly. The advantage of this is particularly evident in a dynamic market where frequent changes in returns or financial products would require your constant attention and understanding. By investing in a mutual fund under professional management, you have convenient access to a broad range of securities,
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