The Company was established under the laws of the Cayman Islands as an open-ended Exempted Mutual Fund Company on November 5th, 1998.
The principal objective of the Fund is to achieve long term capital growth by holding for each Class a global portfolio of international "blue chip" equities.
In selecting investments for the Fund, the Investment Advisor will seek to identify long-term growth companies. Growth and stability are deemed key elements to this selection process where corporate size imparts certain recognized advantages. Equities will be quoted on well established stock exchanges in countries which are members of the Organization for Economic Cooperation and Development ("OECD"). The Fund may invest in collective investment schemes (both open and closed-ended) to obtain exposure in those countries where direct foreign investment is not permitted or is restricted.
The listing of the Butterfield Global Blue Chip Fund is sponsored by Butterfield Securities Limited (Bermuda). The security is being listed under the BSX Listing Regulations for Collective Investment Schemes and the provisions for Publicly Traded Issues.
"We are delighted to list our two successful Cayman Funds on the Bermuda Stock Exchange. The two funds complement the existing Butterfield funds listed on the Bermuda Stock Exchange and help us achieve our strategy of expanding our investor base for the Cayman funds", said Conor O'Dea, Managing Director of the Bank of Butterfield International (Cyaman) Ltd.
Dianne Brewer, Vice President of Business Development at Butterfield Asset Management said, "The performance of these funds had been excellent and we here in Bermuda are thrilled to have added them to our family of Butterfield Funds on the BSX".
"The BSX is pleased to welcome Butterfield Global Blue Chip Fund to listing", said Mr. James S. McKirdy, Listing Manager of the BSX. "This Fund, along with the Butterfield International Balanced Fund, increases the complement of Butterfield Funds already listed on the Exchange."