GeniusFunds, a known Cyprus-based investment project has announced today that due to high volatility in the equity markets the project management has decided to delay the launching of the BOVESPA-tracking investment fund for at least 6 months. The fund was supposed to begin operations in late January, 2009 but is not likely to be operating earlier than July, 2009. Genius will present an alternative investment option for those that were interested in investing into this fund in the near future.
GeniusFunds currently has two investment plans Emerging Markets Growth Fund, offering 1.0% - 1.9% daily payments and World Bond Market Fund, with 6.0% - 9.0%, weekly payments. Despite only 2 investment plans the program is very popular that could be seen from endless forum discussions. The site is presented in 3 languages: English, Chinese and Indonesian, and have representations in Asia and Europe.