UTC Media Centre

November 4, 2009: The Board of Directors of the Trinidad and Tobago Unit Trust Corporation is pleased to announce the promotion of Ms. Eutrice Carrington to the post of Chief Executive Officer, Financial Services with effect from 3rd November 2009. Miss Carrington will now have direct responsibility for the Corporation’s Asset Management, Merchant Banking and Group Treasury Operations. Her promotion to the post of CEO Financial Services will allow for a more synergetic approach to the management of these key businesses to the increased benefit of customers. This promotion is in line with the Corporation’s continuing efforts to increase customers’ wealth through the provision of competitive products and services designed to meet a variety of wealth management needs.

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After careful consideration, and so as to protect the interest of the Trinidad and Tobago Unit Trust Corporation (UTC), the UTC has appointed a receiver of all the companies that are included in its security package for a bridging facility extended by its Merchant Banking arm to the developers of Dellis Cay, an upscale development project in the Turks and Caicos Islands. The security package includes the lands, buildings and infrastructure which are part of an upscale resort development on a private island in the Turks and Caicos aimed at high value individuals. Read More

Technology to Keep Corporation One Step Ahead

Over 15,000 customers have joined the Trinidad and Tobago Unit Trust Corporation (UTC) so far for 2009 taking the Corporation’s total number of customers to just over 514,500 customers as at October 15, 2009. “The growth in our customer base speaks to the continued confidence investors have in our products and our team,” said Executive Director Marlon Holder. As the Corporation approaches its’ 28th anniversary in November, customers will soon enjoy even greater customer convenience as UTC embraces technology to bring services closer to customers. Read More

TT Dollar Income Fund Market Value Crosses TT $10 Billion

The Trinidad and Tobago Unit Trust Corporation (UTC) has surpassed another impressive milestone. On October 9, 2009, the Market Value of UTC’s TT Dollar Income Fund crossed TT 10 Billion dollars. The TT Dollar Income Fund is the Corporation’s fastest growing product and has over 428,960 customers. The UTC TT Dollar Income Fund is the nation’s largest TT dollar denominated Income Fund. Read More

Can you describe the intrinsic impact the celebration of Divali has on Trinbago culture? Young  Shehnaaz Salim captured this “inner light”  in the art piece “Dancing to the Sound of Light” that captured the first prize in the 2009 UTC Divali Art Competition (Secondary School Category). Salim, student of the Chaguanas North Secondary School won $2500 in UTC TT $ Income Fund Units and also won TT$2,000 for the purchase of art supplies for his school. Read More

Bouncy castles, face painting, games of cricket and basketball being enjoyed while the scents of chicken bar-b-cue being prepared by caring hands fill the air. This was the experience enjoyed by the children of the St. Mary’s Children’s Home on October 3, when staff of the Trinidad and Tobago Unit Trust Corporation came together to host a “Fun Day” for the children. Read More

What would you do with $20,000? This is a question student teams participating in the Trinidad and Tobago Unit Trust Corporation’s Schools’ Investment Game will have to decide over the next 13 weeks. To play the game student teams from across the country are invited to invest the notional sum of $20,000 in any (or all) of UTC’s products and other financial instruments using a web based system (http://www.studentinvestmentgame.net ) which allows for real time security transfers, purchases and financial updates. The team with the portfolio of greatest value at the end of the game, wins $10,000 for their school, units from the Trinidad and Tobago Unit Trust Corporation and a 2month internship at the UTC. Read More

Over US$5.69M will be distributed to the 68,307 investors in the Trinidad and Tobago’s US Dollar Income Fund on October 1, 2009. This represents the income earned by US Dollar Income Fund investors over the period July 1st to September 30th 2009.

“The US Dollar Income Fund (US$IF) continues to be one of the premier products offered by the UTC,” stated UTC Executive Director Marlon Holder. Testimony to this fact is the growth in the number of investors in the UTC US $ Income Fund by 4,300 new accounts in the past 12 months.

For even the most scholarly student, the transition from primary to secondary school is challenging. This transition is even more significant when faced with financial difficulties. For the past 13 years, the Trinidad and Tobago Unit Trust Corporation (UTC) has assisted in making this transition for SEA students who are academically brilliant but in need financial support. Each student receives a $8,200 scholarship from the UTC for the 7 years of their high school education. The scholarship is accompanied by a training and development programme which includes training from a psychologist and members of the UTC team. Read More

It’s September. Children and parents across the country are once again faced with the daily challenge of homework. This challenge is even greater when children have no workspaces or quiet areas in which they can sit to concentrate on these daily assignments – and no help to complete them! The Community Intervention for Transformation & Empowerment (CIT+E) program has worked to provide the children of East POS with an ideal environment to complete their homework with the assistance of trained teachers. One such Homework Clinic is located on the compound of the St. Roses’ Girls’ R. C. School on Henry Street, POS. This clinic occupies two separate rooms, both of which needed some sprucing up. Read More