Proven Wealth Limited, Jamaica’s newest Investment house, recently launched two new products in an effort to break new ground in its strategic targeting of high net worth clientele, and also to stamp its name in the financial sector.
- The have done the first local release of a US-Dollar index ROE-enhanced note; i.e. a Jamaican dollar note indexed to the US Dollar to provide some devaluation protection, and which pays a fixed-tax free rate
- The other product, is a Jamaican dollar credit-linked note that gives the investor the opportunity to get a rate of return that is more than that of the current repo rate, and is tied to the performance of Jamaican blue chip companies
Proven’s return on equity is reportedly in excess of 28 per cent per annum.