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Jamaica: “Canadians to invest in JSE via NCB Capital Markets”

Mandeville Private Client Inc., a Canadian brokerage house, is providing its clients with unprecedented access to purchase Jamaican securities listed on the Jamaica Stock Exchange.

Thousands of investors living in Canada can now tap into the Jamaican market for the first time.

Investments on the JSE are typically not available for direct purchase by Canadian investors.

However, Mandeville Private Client and Fidelity Clearing Canada have worked together to develop the infrastructure necessary to provide Mandeville Advisors and their clients with access to JSE-listed investments. NCB Capital Markets Limited (“NCBCM”) will facilitate these arrangements locally.

Several factors,  such as the positive performance of the JSE influenced Mandeville’s move, resulting in clients now being able to puchase JSE-listed investments in registered as well as non-registered accounts.

The JSE was the 2015 Bloomberg Best-Performing Stock Exchange in the World as market index jumped by 97 per cent with gains attributed to foreign acquisition, stronger investor safeguards and a rebounding economy. The JSE remained in the top 10 for 2016, and ended 11th last year. The JSE has also demonstrated heightened investor confidence evidenced by its profitable performance, increased and continuous oversubscription of initial public offers (IPOs).

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