SANTO DOMINGO.-JMMB Funds announced the launch of a Closed Development Investment Fund, which will aim to participate in partnerships or with financing in real estate, infrastructure and other projects that contribute to the sustainable development of the Dominican Republic.
The company announced that the new Closed Development Investment product will be available to interested investors starting tomorrow, August 2, 2023.
He explained that the fund, maturing in 2048, is a closed-end investment fund designed to generate high returns in the medium and long term. The JMMB Development Fund is denominated in Dominican pesos and is expected to achieve returns significantly higher than current offerings in the Dominican financial market.
It is designed for professional investors seeking to partner in projects, channeling resources to the real estate sector, infrastructure development, tourism projects, logistics centers and free trade zones, among other sectors, contributing to the country's economic growth, generating jobs and stimulating business activity.
“We are very excited to announce the JMMB Development Fund. It represents a unique opportunity for investors to participate in projects that will positively impact the development of our country, while achieving high returns in the medium and long term, with a commitment to transparent, productive, and efficient management, generating value for both our investors and the Dominican economy,” stated Jesús Cornejo, CEO of JMMB Funds/SAFI.
The company stated that JMMB Funds, as the fund's management company, has a team of highly trained professionals committed to the responsible management of its investors' resources.
He added that, in addition, the company focuses on offering a quality service, providing personalized advice and comprehensive support to investors.
About the JMMB group
With roots in Jamaica and over 27 years of experience in the regional market, JMMB is an integrated financial services provider committed to heartfelt connections and genuine, supportive relationships. It offers personalized financial plans that provide access to a wide range of financial solutions, including banking and investments, with the goal of supporting the well-being of its clients.
It currently serves over 300,000 clients and their families. In the Dominican Republic, it operates various business units, including: JMMB Bank SA; JMMB Funds, Investment Fund Management Company, SA; JMMB Brokerage Firm, SA; and AFP JMMB BDI, SA, providing personalized financial advice, banking services, fixed and variable income instrument brokerage, investment and fund management, foreign exchange trading, and pension fund management.
At the end of 2020, they had RD$25,539 million in Funds Managed in the various companies in the Dominican Republic.
