Collectible funds continue to increase in value
Numisbing AB (publ) reports on three classes of funds that Numisbing AB (publ) invests in. There are three different classes of “Collectibles Fund” with separate portfolio. In August, Class A and B increased by +1.14 per cent with their holdings and Class C increased by +1.07 per cent. The "Collectibles Fund" is used to acquire more numismatic objects to the existing portfolio.
"Due to the high interest in the collector market for a few years, the fund shows very strong growth of over 28 percent in 2018 and a growth of 18 percent in the first eight months in 2019. A large part of Numisbing's holding of collector's items goes through the fund," said Numisbing founder and chairman, Ramkumar Sarangapani.
CLASS 'A' NAV developed with $ 151,3084 (+ 1.14%) during the month of August.
CLASS 'B' NAV developed with $ 150.1746 (+ 1.14%) during the month of August.
CLASS 'C' NAV developed with $ 148.4674 (+ 1.07%) during the month of August.
It should also be noted that Numisbing Limited, which is the subsidiary of Numisbing AB (publ), acts as an investment advisor to the collecting fund.
The growth in Numisbing
The company is growing very fast and almost doubled its turnover from SEK 19 million in 2017 to SEK 37 million in 2018. Growth is still very strong during 2019 and the management of the company also hopes to double its sales this year. As Numisbing owns large holdings in the fund on the Cayman Islands, the value growth in Numisbing also increases. Numisbing is now facing an IPO at Nasdaq in Stockholm and will undergo pre-listing testing with Certified Advisor in Sweden. No new share issue in connection with the listing will take place. There are few listed companies that specialize mainly in rare and antique coins and other unique collectibles. All investments in antique coins and collectors items are made through the fund.
The investment market
The interest in investing in historical coins has increased in recent years, and the international stock market's investors are looking for more diversified investment portfolios. As concerns in the global stock markets, investors are looking for more value-prone investment items and thus the pricing of these items is increasing, which is mainly historical coins.
About Collectibles Fund:
The Collectibles Fund Segregated Portfolio, which is managed by Cabaritta Funds SPC, is a closed fund that has been in the Cayman Islands since 2017. The fund's goals are to value and estimate assets within its collection area and invest primarily in collectors' items and artworks, with a focus on a historic annual return of over 20 percent. In 2019, the fund had growth of 28 percent. The fund currently has six different asset classes with separate portfolios based on different types of investments.
For more information, contact:
Ramkumar Sarangapani, Chairman of the Board Numisbing AB, Tel. +971 50 588 1838, ramkumar@numisbing.com , or
Jan Rejdnell Investor Relations (IR) Tel. + 46 () 0708-14 44 00, jan@delecta.se .
About NUMISBING:
NUMISBING AB (www.numisbing.se) is a Numismatics & Arts company headquartered in Stockholm, Sweden, and has its operations in Dubai, United Arab Emirates, which is currently being listed on the Nasdaq First North Stock Exchange in Stockholm , Sweden. Since its inception in 2012, Numisbing has grown into a leading Numismatics company in the Middle East region with a market share of close to 75 percent. During the fall, Numisbing AB intends to apply for listing at Nasdaq, First North in Stockholm. More information at www.numisbing.se.
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