CURACAO, Netherland Antilles, July 31 /PRNewswire-AsiaNet/ –
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: The Lifetrade Fund B.V.
CONTACT: Lifetrade
info@lifetrade.com
Web site: http://www.lifetrade.com
August 1, 2006
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