UTC Media Centre

Fifteen minutes, 10 seconds is how long it took Pamenos Ballantyne to complete the UTC Ribbons of Hope 5K – in thirty five degree (Celsius) weather! Ballantyne, a 2004 Olympic entrant and native of St. Vincent, trains with Pt. Fortin Road Runners and says the key to running is mental and physical preparation. He trains every day including pace endurance training and other exercises. “A balanced diet is also a key to being a strong competitor,” he said. In Tobago, Kelvin Johnson won the Tobago Ribbons of Hope completing the course in 16 minutes 46 seconds. Read More

Donates $80,000 to HIV/AIDS Organizations

Just days from the 8th Annual UTC Ribbons of Hope 5K road race, the Trinidad and Tobago Unit Trust Corporation (UTC) has donated $80,000 (the funds raised from last year’s event) to four (4) HIV/AIDS organizations in Trinidad and Tobago. The organizations benefitting from the funds raised by the Ribbons of Hope 5K were identified based on need and their dedication to HIV/AIDS education, treatment and support and were as follows:

• Caritas AIDS Ministry
• Pt. Fortin Church of Nazerene
• National AIDS Hotline
• South AIDS Support

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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

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