The Pioneer United Fixed Income Closed-End Investment Fundthe first fund to register in the Dominican Republic stock market, has successfully completed its life cycle. This milestone marks a crucial moment in the evolution of the stock market and the investment fund industry in the country.
Launched in 2013, the Fund began with a nominal contribution of RD$2,000 million, investing in debt securities issued by highly rated financial institutions, such as the Central Bank and the Ministry of Finance of the Dominican Republic, as well as multilateral organizations with the same rating. or higher than BBBB. The objective was to create a diversified, high-quality portfolio with low exposure to credit risk.
Pioneer Sociedad Gestión de Fondos, SA, together with UC – United Capital Sitio de Bolsa, SA as value partner, played a key role in the management and placement of the portfolio. During its 11 years of validity, the Fund showed accumulated returns of more than RD$1.6 billion, demonstrating the effectiveness of its investment strategy focused on the generation of short-term recurring income and the protection of capital in the medium and long term.
This Fund was a catalyst for the modernization of the investment fund market in the Dominican Republic, encouraging market participants to create new opportunities in this nascent industry.
The successful liquidation of the Pioneer United Fixed Income Closed Investment Fund Not only does it represent a significant achievement in asset management, but it also leaves a lasting legacy as an example of excellence and a key driver for the economic development of the sector.
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