During the past week, the Listing Committee of The BSX approved the listing of an additional 41 funds, raising the total number of listed funds to 105. These include the listing of 27 Mutual Risk Management Funds and 14 Schroders Funds.
"This is a very significant milestone for the exchange and reflects the hard work and determination of the past 18 months," said BSX Chief Executive Officer William Woods.
"We have been working to develop The BSX as an internationally recognized fully electronic offshore securities exchange," he said. "To report that the exchange has now listed more than 100 mutual funds is another important step in our development and adds greatly to our credibility."
A number of factors have contributed to The BSX's success as the domicile of choice for mutual fund listings: simple, flexible regulations; a quick listing process; competitive fees; a stable history; international recognition through the US Securities and Exchange Commission "Designated Offshore Securities Market" status; and maximum exposure for listed funds through Bloomberg and Reuters as well as a free home page on The BSX's comprehensive World Wide Web site.
The BSX now has more than 180 listed securities and a market capitalization of more than $37 billion (excluding mutual funds) and monthly turnover in excess of US$1 billion.
For further information, please contact Robin H. McPhee at 441-292-7212 or at info@bsx.com