Numisbing Limited invest USD 1 Million in its Collectibles Fund

STOCKHOLM, 14 of June, 2019 – Numisbing AB announced that its Dubai based subsidy Numisbing Limited has invested USD 1 Million (SEK 9.4 Million) into Class ‘A’ of Collectibles Fund segregated portfolio as per 31 May 2019 NAV of USD 142.4068 per unit (Bloomberg : CABCOSP:KY). This investment will be utilized by Collectibles Fund to acquire more Numismatic items to its existing portfolio.

-“Due to high appreciation in the collectibles market over couple of years, the fund showed an exceptional growth rate of over 28 percent in the year 2018, and 11 percent growth in first 5 months of 2019. Hence we have committed to invest up to USD 4 Million into the Collectibles Fund within this year.” said Numisbing Founder & Chairman, Ramkumar Sarangapani.

It is also to be noted that Numisbing Limited acts as an Investment Advisor to the Collectibles Fund.

About Collectibles Fund:

The Collectibles Fund Segregated Portfolio, managed by Cabaritta Funds SPC, is a closed-end fund incorporated in Cayman Islands in 2017. The Fund’s objective is asset appreciation and mainly invests in collectibles assets and artwork, targeting an annualized return in excess of 10 percent. Currently it has six different asset class with separate portfolio based on the different types of investments.

About NUMISBING:

NUMISBING AB (www.numisbing.se) is a Numismatics & Arts company headquartered in Stockholm, Sweden and having its business operations based in Dubai, United Arab Emirates, which is currently in the process of listing in Nasdaq First North Stock Exchange in Stockholm, Sweden. Since its inception in 2012, Numisbing AB has grown into a leading Numismatics company in the Middle East Region with a market share close to 75 percent.

For more information contact:

Ramkumar Sarangapani, Styrelseordförande Numisbing AB, Tel. +971 50 588 1838, ramkumar@numisbing.com ,  eller
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 having its business operations based in Dubai, United Arab Emirates, which is currently in the process of listing in Nasdaq First North Stock Exchange in Stockholm, Sweden. Since its inception in 2012, Numisbing AB has grown into a leading Numismatics company in the Middle East Region with a market share close to 75 percent.

Subscribe