Introduction
For the foreign investor, individual or institutional, diversification is always a major factor when it comes to investing. It generally reduces investment risk and provides the potential for better long-term returns. Thus, it is not surprising that the establishment of mutual funds in Barbados may become a consideration in the instance where the investor is exploring investment opportunities beyond its shores.
Regulation of Mutual Funds
Barbados has recently enacted Mutual Funds legislation in order to regulate, authorize and control mutual funds and their administration. The Mutual Funds Act 2002-22 is accompanied by subsidiary legislation, namely, the Mutual Fund Regulations, 2002 and the Mutual Fund (Fees) Regulations, 2000, the latter originally subsidiary to the Mutual Fund Act, 1998-45 now repealed and replaced by the 2002 Act.
