Feller Rate eleva calificación riesgo para JMMB Funds

Feller Rate raises risk rating for JMMB Funds

The risk assessor Feller Rate improved the risk rating of JMMB Fundsinvestment fund manager, going from A-af to Aaf, which indicates that the administrator has a good level of structures and policies for the administration of funds.

The upgrade of the rating to JMMB Sociedad Administradora de Investment Funds, S.A.. it is based on its financial maturity, its good level of structures, with sufficient equipment for the management, control and monitoring of funds, as well as the existence of adequate manuals, policies and procedures for its management.

It also has the support of its controller, JMMB Groupwhich has extensive experience in the investment sector in Jamaica and the Caribbean.

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Jesusus Dogwoodgeneral manager of JMMB Funds, highlighted the excellent results achieved by the administrator and the quality and competitiveness of the six funds it manages, representing a very attractive value offer for all Dominicans in favor of achievement of your financial goals.

At the end of 2021, JMMB Funds achieved an excellent result, which is mainly explained by the strong increase in its operating income, as a result of a higher volume of administration fees generated by the growth of its funds and their maturity, stability and profitability.

Revenues grew 154%, reaching RD$168 million. Operating costs grew by 66%, reaching RD$94 million, and a net profit of RD$80.5 million was achieved, eleven times higher than in 2020.

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