Institutions to redeploy Scotia proceeds slowly, favouring fundamentals

Fund managers are likely to wait, rather than rush to reinvest funds following Scotia Group Jamaica’s pending exit from the Jamaica Stock Exchange (JSE).Most of the funds will flow from “institutional investors and pension funds” that will negotiate large block transactions rather than chase speculative opportunities, said Dan Theoc, chief investment officer at Mayberry Investments, in a Financial Gleaner interview.

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