RoyalFidelity targets region with mutual fund products

Sun, Nov 28th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

RoyalFidelity Merchant Bank & Trust is seeking to develop and launch mutual fund products into the wider Caribbean market, leveraging the joint venture relationship it has with Royal Bank of Canada - and the latter's Royal Bank of Trinidad & Tobago (RBTT) merger - for sales and distribution channels throughout the region.

Michael Anderson, the Bahamian-headquartered investment bank's president, told Tribune Business in an exclusive interview that RoyalFidelity was especially interested in developing US dollar-denominated investment fund products, targeting the extensive US dollar stocks accumulated by businesses and individuals region- ...

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