Preguntas Frecuentes

Subscriptions: How can I invest in a fund?

The only requirement to invest in our mutual funds is to open a custodial account with FIRST Capital Markets: open an account. Once the custodial account is opened, subscribing to a fund is as easy as transferring funds from your own bank account to the fund's bank account, either electronically or in person. The transfer must be made in the currency of the fund according to our banking instructions.

Redemptions: How can I withdraw my money?

Investors can request a partial or total redemption at their discretion, and the Fund must process it within a predetermined maximum period (typically 24 or 48 business hours, depending on each fund). Redemptions are made in the same currency and jurisdiction as the subscription; for example, when redeeming a fund denominated in US dollars, the investor will receive a credit of US dollars in their bank account.

Monitoring: How can I track the performance of my investment?

On our website, you will find public information of interest, including the daily unit holder value, a monthly summary of the portfolio composition, a rating report (if available), and financial statements. Additionally, clients of FIRST Capital Markets have access to a private web system where you can download your account statement and other associated documents. If you are a client and do not have or remember your username and password, please contact us at fondos@firstcma.com.

Sophistication: Do I need to be a high-net-worth and sophisticated investor to invest?

No, mutual funds are a straightforward vehicle, and the minimum subscription amounts average $10,000 or USD 1,000. In general, mutual funds are considered the safest vehicle for small retail investors, who can place their savings in an asset managed by a team of professionals with a track record in the market.

Taxes: Is it a tax-efficient vehicle?

Yes. Both for individuals and legal entities, transfers to and from the funds are exempt from the Debits and Credits Tax. In addition, redemptions of mutual funds are exempt for the SIRCREB tax regime. Income tax is paid based on the type of asset that the fund holds. Individual unit holders are subject to Personal Assets tax for the holdings they have exclusively as of December 31 of each year.

For more information, please contact us at contacto@firstcma.com.