The Company was established as an open-ended, multi-class Unit Trust under the laws of the Cayman Islands by a Trust Deed dated June 18th, 1996.
The principal objective of the Trustee and Manager for the Fund is to achieve long-term capital growth in the value of assets. The policy of the Trustee and Manager is to hold for each of the Classes a global portfolio of money market instruments, Eurobonds of Issuers throughout the world, domestic government bonds of countries that are members of the Organization for Economic Cooperation and Development ("OECD") and international equities or limited partnership interests.
The listing of the US Dollar Class and the Sterling Class of the Butterfield International Balanced Fund is sponsored by Butterfield Securities Limited (Bermuda). The securities are 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 International Balanced Fund to listing", said Mr. James S. McKirdy, Listing Manager of the BSX. "This Fund, along with he Butterfield Global
Blue Chip Fund, increases the complement of Butterfield Funds already listed on the Exchange."