Simultaneous with its application for Sponsor Membership, FG Capital Markets submitted an application to list the FG Financial Fund Limited SAC and its three classes of shares on BISX, using the exchange's mutual fund listing facility.

This fund was approved for listing and will now have its information disseminated via the BISX website.

FG Capital Markets becomes the fifth Sponsor Member to join BISX, and brings to the exchange experience in the areas of wealth and pension fund management.

Commenting on the admission of FG Capital Markets as a Sponsor Member, BISX Chief Executive Officer Keith Davies stated:

"We are pleased to have such a positive development in the first quarter of 2008. By FG Capital Markets joining BISX as a Sponsor Member, they are now able to bring mutual fund listings directly to BISX, and BISX is able to direct business inquiries to this new member."

"We believe that this affiliation in conjunction with their approval as a Broker Dealer Member will allow FG Capital Markets to pursue new business opportunities while offering more services to their existing clients."

The FG Financial Fund Limited SAC becomes the seventeenth mutual fund to list on BISX. This is the first domestic Segregated Accounts Company to be added to BISX, and highlights the ability of BISX to list funds of varied capital structures and currency denominations.

The three accounts of the FG Financial Fund will each have their Net Asset Value listed on BISX and posted on the exchange's website. The three accounts are:

• FG Financial Class A Preferred Income Fund, which is a fixed income fund that aims to provide the highest possible level of return while still maintaining liquidity and preserving capital, mainly through investments in Government Bonds, Certificates of Deposit and mortgages.
• FG Financial Class B Diversified Fund, which is a balanced fund whose objective is to provide total return by providing above-average income and opportunities for long-term growth of capital and income.
• FG Financial Class C Growth Fund, which is an equity fund whose objective is to provide safe capital appreciation over the long-term.

Commenting of the addition of a new mutual fund listing on the exchange, Mr Davies added that:

"We are pleased with the addition of the FG Financial Fund Limited SAC and its three Segregated Accounts to BISX. These funds add three new options to the investment products available to the Bahamian investing public via the exchange."

"This offering also furthers the BISX aim of encouraging an investing culture in The Bahamas. Our market is continuing to expand as new products and new entrants continue to recognize the potential of the Bahamian marketplace."