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At Casa de Campo Living we try to share news that can better inform your social, personal and professional lifestyle in and around Casa. Sometimes we let you know about new businesses opening, sports, entertainment and social gathering; and other times we like to share more serious news that is equally relevant for Casa’s business people.
In this article we share exciting news for the Dominican business and economic world around Casa: the launch of Grupo Universal’s latest addition to its corporate family, AFI Universal (Universal’s Social Administrator of Investment Funds), a subsidiary which initiates its operations as a new tool for turning saving into joint investments in a safe and trustworthy way.
Let’s remember that Grupo Universal is a Dominican Company that has provided health, personal and corporate insurance solutions for its clients for over 50 years. It also gives its clients the opportunity to establish trust funds and provides practical assistance for car, travel, and other types of emergencies. All of this and more through its other subsidiaries ARS Universal, Asistencia Universal, Fiduciaria Universal, Propartes and Seguros Universal.
As Mr. Ernesto M. Izquierdo, president of Grupo Universal expressed during the launch of AFI Universal in Santo Domingo back in April, “AFI Universal, our new subsidiary, is a fundamental piece in our corporate structure given that investment funds are an excellent tool to promote financial inclusion and to diversify the investment that the productive sectors in the country so desperately need”.
During the event launch, the General Manager of AFI Universal, Mr. Santiago Sicard Herrera, a Colombian economist with over 14 years experience in the management of investment funds in his native country, presented the Open Fund for Flexible Financial Deposit Investments, a joint investment fund developed by AFI Universal and approved by the National Securities Council. With this joint fund, Universal clients will be able to invest in financial deposits starting at RD$10,000 and therefore make their investment a lot more feasible than if they make the investment as an independent client. Essentially, you get to unify your resources with those of other individuals or companies and hence get access to better investment opportunities with advantage of getting professional advising, diversification in your investment, security and tax benefits.
In very simple terms, this means that clients have the opportunity to place their money/savings in a joint fund. This joint fund will be managed by an Investment Committee at AFI Universal, which will decide the strategies for acquiring and liquidating joint investments. These investments that your money will be part of can include financial deposits in regulated institutions, public assets and stocks, amongst others. The Committee will invest the joint fund in investments that have a low risk rating or a risk degree lower than that of the investment to be made. As an investor in the joint fund you will be generating interests on a monthly basis and are able to redeem your resources when you need to and as per your agreement with AFI Universal. If all goes well, you will be profiting from this joint investment soon!
As we were evaluating investing ourselves, we found this link to be very helpful in order to understand how one would go about investing with AFI Universal: How do I invest?
While we have explained this exciting opportunity in simple terms for our readers, our friends at AFI Universal will most certainly give you the details you need in order to consider taking part of this new investment fund.
Call (809) 200-1283 – Option 1 and 5 or email InversionesAFI@universal.com.do to get in touch with an advisor that can guide you through the process.