Valor Global FX Fund reports a new deposit of capital
Valor Global FX, FX International AB (publ.) fund in Malta reports that it has received a new deposit to the fund of approximately 1,000,000 SEK from an external investor.
Valor Global FX has received capital from a new external professional investor totaling 100,000EURO (about 1MSEK). The money has been verified and is now undergoing the usual examination and will then be added to the total capital of the fund.
As previously announced, FX International AB (publ.) invested a total of SEK 20 million in May 2020 to get the fund up and running and to obtain actual data from trading. As capital can be increased, the current cost effect naturally decreases, which is why an increase in capital is very positive for the fund's development and a priority for Valor Global FX.
We want to get further capitalization in place as soon as possible and hope that easing of travel restrictions we have seen during the month will continue so that Valor Global FX can meet investors again. However, tough rules are still in force and we expect that it will continue to be difficult to travel freely and above all outside Europe. FX International AB (publ.) therefore expects Valor Global FX to show positive results first in the coming months, as the initial and running costs are also charged to the positive trading that Valor's AI is expected to keep producing.
"It is very gratifying that we have now received an external professional investor and I expect that will be followed by many more. As the travel restrictions are hopefully lifted, the work to capitalize the fund is opened and I am very much looking forward to this so that we can see the full potential of Valor Global FX.", says Chairman of the board, Johan Olson, FX International Ab (publ.).
FXI's goal is that the company should always have a balanced long-term strategy with good returns and risk diversification. More information will be communicated continuously through Spotlight Stock Market, Cision and our own channels. Please sign up for ongoing and direct information.
For further information please contact:
Sofie Danielsson
CEO
+46 (0) 793 37 67 91
sofie.danielsson@fxi.se
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