Media Release

While companies around the globe report decreased earnings and give bleak forecasts, the UTC is reporting 2008 as a year of unprecedented growth and has already seen some growth continue in 2009. Unit Trust Corporation (UTC) investors benefitted from over TT $1 billion in distribution payments in 2008 (a 32% increase over 2007). As at March 31, 2009 UTC has already seen their assets under management grow by an additional $520M with bond returns outperforming bank deposits and equity products outperforming their benchmarks (though still negative). Read More

The Trinidad and Tobago Unit Trust Corporation (UTC) notes the headline in the Trinidad Guardian of Thursday April 23, 2009 which reads: “$2.3 Million Fraud at Unit Trust”. In response to said article, the UTC releases the following official statement:

“The Trinidad Guardian of April 23, 2009 contains a front page headline which highlights a 2002 crime committed against the Trinidad and Tobago Unit Trust Corporation (UTC). As this is a current legal matter, UTC is prohibited from commenting on the facts of the case. However, it is critical for customers to note that, in the seven (7) years since this incident, the Unit Trust Corporation has substantially improved its controls and measures to protect our customers’ investments. For security reasons, the details of these controls and measures cannot be publicly disclosed. Read More

This is a great time of year for kite flying. Many adults may have forgotten the art of kite flying. Luckily for the children of the Hope Centre (a children’s home in Southern Trinidad), volunteers from the Unit Trust Corporation a(UTC) were able to teach them to soar to new heights – by flying kites! The children at the Hope Centre were taught the art of kite flying earlier this month when volunteers from the Unit Trust Corporation (UTC) visited the children’s home in Southern Trinidad. Read More

The Unit Trust Corporation is asking, “What are you doing to lead the movement against HIV/AIDS?”
The Corporation launched the 8th annual UTC Ribbons of Hope 5K, with the theme, “Leading the Movement against HIV/AIDS”, calling on individuals to assume greater responsibility for the HIV/AIDS epidemic.

The 5K will take place this year on Saturday May 16, in Trinidad and Sunday May 17 in Tobago. This year’s theme, “Leading the Movement against HIV/AIDS” underlines the Corporation’s commitment to raising awareness about the epidemic, and encourages individuals to be leaders in the movement to change negative behaviours and attitudes about HIV/AIDS. The theme reiterates that HIV/AIDS is not the responsibility of any one person or organisation. Instead, every individual in every home, church, office and community is a leader and therefore has to assume a greater leadership role in the fight against the epidemic. Read More

On Saturday 28th March, while most persons were busy with their weekend errands, staff of the Trinidad and Tobago Unit Trust Corporation hosted an Easter Bonnet Competition for the Lady Hochoy School of Heights of Guanapo, Arima. Read More

On Sunday 8th March 2009 staff members of the UTC’s Chaguanas Customer Service Centre joined with the staff and PTA of Presentation College, Chaguanas in their Annual 5K , Walkathon and Fund Raiser. This event was hosted to raise funds for the replacement/refurbishment of furniture (desks and chairs) for the students. The students chose the theme “Bringing Back a Green Nation” to help promote a cleaner and healthier environment in Trinidad and Tobago. Read More

On Thursday 19th February, members of the public were treated to a Soca and Pan Blast on the Central Bank Plaza courtesy of the Unit Trust Corporation. Top performances were delivered by Faye Ann and her husband Bunji backed by the band Asylum, with guest appearances by Edwin Yearwood and pannist Dane Gulston. Read More

Iere High School walked away with the 1st prize in the UTC School’s Investment Game. Iere High School not only copped the first prize in the UTC game designed to increase awareness of various investment instruments, but also won three (3) consecutive monthly prizes for November, December and January. Also in winners row for monthly prizes was the team from Presentation College, Chaguanas, that won the monthly prize for October edging out overall second place winners of Game Holy Faith Convent, Couva. Read More

Over half a million customers choose the Trinidad and Tobago Unit Trust Corporation to make their dreams come true. On Wednesday January 28, 2009, the UTC opened an account for its 500,000th customer.

“This is an incredible statement about the confidence customers continue to have in the UTC,” said UTC Executive Director, Marlon Holder. “It’s a bit like a fairy tale. The UTC has weathered several financial environmental events in the past and our growth over the years is testament to our ability to manage our customer’s investments in varying economic conditions by staying focused on offering excellent customer service and financial solutions to meet the needs of our customers, we continue to prevail.” Read More

In just ten months the UTC has grown its assets under management by $2 Billion. This was shared by the UTC Executive Director, Marlon Holder in his brief address to customers and members of the media at the UTC’s Annual Appreciation Function on November 13.

“Our (UTC) results this year (2008) have exceeded all our expectations,” said the UTC’s Executive Director. The UTC began 2008 with $19 Billion in Assets under Management and six hundred and sixty nine thousand accounts (669,000). “In just ten months, our (UTC’s) Assets under Management total over $21 billion….and we have quickly passed the 700 thousand account milestone with 706 thousand accounts to date.” What does this mean to investors with the UTC? “This year we (UTC) will also pay one of our largest distributions ever to our unitholders .” he stated. Read More