Lifetrade Receives the First Life Settlements Open-Ended Fund S&P Credit Quality Rating
CURACAO, Netherland Antilles, July 31 /PRNewswire/ — The Lifetrade Fund B.V., has received a Standard & Poor’s Credit Quality rating as a life settlement investment fund. Lifetrade is the first open-ended fund to receive such a rating from Standard & Poor’s in the secondary life insurance market.
The rating is based on Lifetrade’s “strong protection from credit defaults,” said Standard & Poor’s credit analyst, Sergio Garibian. S&P issued the fund with an “Af” credit-quality rating and will continue to monitor pertinent fund information and portfolio reports monthly.
“By being the first life settlement open-ended fund to receive a Standard & Poor’s Credit Quality Rating, it not only demonstrates our rigorous due diligence approach to the secondary market, but also adds independent credence to our belief in the benefits of sound business practices and a team-based approach,” asserted Managing Director, Roy Smith. “Our mission is to continue to increase our market knowledge and expertise to provide investors with a high quality, precise and diversified life settlements portfolio.”
The joint managing directors are Equity Trust Company (Curacao) N.V. and Mr. Roy Smith. Equity Trust Company (Curacao) N.V. serves as the administrator. The Bank of New York acts as custodian, escrow agent and verification agent.
The Lifetrade Fund
The Lifetrade Fund B.V. ( http://www.lifetrade.com/ ) is an open-ended fund domiciled in Curacao, Netherland Antilles, with a fluctuating net asset value that is priced monthly. The Fund’s investment objective is to provide investors long-term capital appreciation through exposure to a well-defined and diversified portfolio of life settlements, while preserving principle and maintaining a highly stable net asset value. The Fund generally invests in various high-credit-quality universal life insurance policies, as well as cash-equivalent securities to enhance liquidity.
This document is not an invitation or solicitation to invest in The Lifetrade Fund B.V. subscriptions for any class must be made by application to the administrator of the fund.
Source: PR NewswireÂ
