Dreams Dominicus La Romana and El Dorado Water Park, ALTIO’s main tourism assets

Sociedad Administradora de Fondos de Inversión (ALTIO) reported the results and performance of its funds in 2023, reaching record figures in the different funds it manages and launching a social responsibility program dedicated to generating a positive impact on its environment and society as a whole.

In this regard, the ALTIO II Closed-end Development Fund achieved its highest annualized performance ever, driven by the performance of its main asset, the Dreams Dominicus La Romana hotel, and the advanced construction phase of El Dorado Water Park, the first thematic water park in the Dominican Republic.

Meanwhile, the Closed-end Fixed Income Fund has maintained its leadership position, registering a yield at the end of 2023 of 11.76% in pesos, making it one of the most profitable funds in its category.

On the other hand, the ALTIO Energía Closed-end Development Fund reached its highest historical annual yield, with a 7.39 % in dollars, consolidating itself as a Fund with a successful investment trajectory and sustained yield for 7 years.

As for the ALTIO I Real Estate Closed-end Investment Fund, it continues to stand out as one of the most profitable in its category, with 7.26 % in dollars. On the other hand, the ALTIO Liquidez I Open-end Fund closed in the top places in its category with a yield of 11.02 % in pesos.

In addition, the ALTIO Closed-end Fund of Funds I was launched, marking a milestone as the first one approved in the market, offering a convenient way to participate in several funds through a single investment.

“We eagerly anticipate a prosperous 2024, backed by an ever-expanding portfolio of projects and guided by our values of sustainability, responsible investment and the trust of our contributors,” said Eliza Sanchez Lomakina, CEO of ALTIO.

She also explained that through ALTIO’s Social Responsibility Program launched last year, it has become even more involved in the communities where it invests, supporting initiatives in multiple communities, such as a beach clean-up day in collaboration with the Vida Azul Foundation, removing a total of 588 pounds of waste from the beach.

Source: Arecoa.com

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