Jamaica has seen steady growth in its financial services sector over the past decade, with an increasing number of investment companies offering services to local and international clients. Attractive tax incentives, political stability and strong economic fundamentals have made Jamaica an ideal location for investment companies looking to establish regional headquarters. This article provides an overview of the top 10 investment companies in Jamaica based on assets under management, service offerings and reputation.
Sagicor Investments Jamaica Limited – Largest Asset Manager
With over US$1.3 billion in assets under management, Sagicor Investments Jamaica Limited is the largest investment company in Jamaica. Sagicor offers a wide range of products including mutual funds, pension funds and unit trusts targeted at individual and institutional investors. The company has a strong focus on attracting diaspora investments into Jamaica through its international offices in the USA, Canada and the UK.
NCB Capital Markets Limited – Top Investment Bank
A subsidiary of National Commercial Bank Jamaica Limited, NCB Capital Markets is Jamaica’s top investment bank providing brokerage, investment banking and investment management services. NCB Capital Markets manages mutual funds and pension funds totaling over US$500 million in assets and has structured many of the largest IPOs, bond issues and M&A transactions in Jamaica over the past decade.
JMMB Investments (Jamaica) Limited – Retail Investment Specialist
As part of the larger JMMB Group, JMMB Investments focuses on providing investment solutions to retail and accredited investors in Jamaica. The company manages over US$300 million, mainly through a family of mutual funds that invest in Caribbean and international markets. JMMB Investments has a network of branches across Jamaica providing investors with in-person advice.
Victoria Mutual Investments Limited – Real Estate Focus
Victoria Mutual Investments is an investment manager affiliated with Victoria Mutual Building Society, one of the largest mortgage providers in Jamaica. The company has particular expertise in real estate investment through its unit trust products. Victoria Mutual Investments has over US$250 million in assets under management.
Barita Investments Limited – Top Performing Stock
Founded in 1977, Barita Investments is one of the leading investment companies in Jamaica with over US$200 million in assets under management across equities, fixed income and real estate. The company’s stock has been one of the top performers on the Jamaica Stock Exchange over the past 5 years with significant dividend growth.
Proven Investments Limited – Niche Focus
Proven Investments stands out for its niche focus on US dollar investments. The company invests primarily in US bonds and real estate through partnerships and direct ownership. Proven also offers wealth management and pension services catering mainly to high net worth clients in Jamaica and the Caribbean region.
Canada Life Investments Jamaica Limited – International Connections
Canada Life Investments in Jamaica is part of Canada Life Assurance Company, providing investment management solutions to institutions and individuals. As part of a global firm, Canada Life Investments has access to extensive international expertise and partnerships that it leverages for clients in Jamaica looking to diversify globally.
MF&G Asset Management Limited – Boutique Firm
As a boutique investment manager, MF&G provides specialized portfolio management mainly to high net worth investors, institutions and trusts. MF&G invests predominantly in listed equities across the Caribbean region. With just under US$100 million in assets, MF&G provides dedicated client service through its small team of expert investment professionals.
CFG Investments Limited – New Entrant
Founded in 2019, CFG Investments is one of the newest investment managers in Jamaica with around US$80 million in assets under management so far. CFG focuses on mutual funds that invest both locally and globally. The company is a joint venture between Jamaica’s Capital & Credit Financial Group and Trinidad’s Guardian Group.
GK Capital Management – Alternative Assets Manager
GK Capital Management is an alternative investment firm providing investors access to private equity, real estate and structured products. With over US$50 million in assets, GK focuses primarily on institutional investors, offshore clients and accredited high net worth individuals looking to diversify into alternative assets.
In summary, Jamaica has a vibrant and growing investment management industry catering to local and international investors. Sagicor Investments leads in terms of total assets under management while NCB Capital Markets is the top investment bank. Smaller boutique firms provide specialized services across equities, fixed income and alternatives. Continued economic progress should see the Jamaica investment industry continue to expand.