UTC Media Centre

We will keep you updated with whatever happens - when happens in the world of Unit Trust.

Events over the past few years have left little doubt in all our minds: The world is becoming very small.  Our portfolios are increasingly embedded in the very fabric of the modern world.  Investors now share risk on an unprecedented global scale.

Global events can have a ripple effect on global financial markets, and ultimately investors.    The rate-rigging scandal that engulfed global banks, the disastrous fire in Bangladesh, the global mobile phone wars and the emergence of the developing countries as investment powerhouses can impact investors’ risk appetite and asset allocation mix.

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Why investing at regular intervals works

Use the term “dollar cost averaging” in a conversation and chances are you would encounter puzzled looks.  Truth is, it’s an investment technique that many successful investors already practice  without even realizing it. Few investment strategies are more ingrained than dollar-cost averaging which simply means investing a fixed amount of money at fixed intervals of time over a long period, through thick and thin.

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As a parent, you want to provide the very best for your children, which includes giving them a good tertiary education.  But the cost of a quality education can be hefty and usually cannot easily be absorbed into a monthly or yearly budget. For this reason, you’ll need to plan very carefully for your children’s education.

The growing concern for many parents is their financial readiness for giving their children a tertiary education can be prohibitive. By the time one factors in the costs for books, spending allowances, housing and food and inflation, the total bill can be astronomical.  It can even be substantially higher when tertiary education is pursued overseas.

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March 28th, 2013

Planning for retirement

Retirement planning can be more intimidating than any other personal finance topic. And with good reason: picture yourself at the end of your working years with family in tow and you are able to keep the lifestyle you had enjoyed during that period. You are well equipped financially to handle all your expenses, treat yourself to some fine dining  and take Mrs. Retiree on that long transatlantic cruise you promised when you were  still working.

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18 March 2013:  Team members of the Unit Trust Corporation (UTC) was a show of force when they came together recently to offer support to Presentation College, Chaguanas, in the promotion of a drug-free environment by participating in the central school’s 5K and Walk-A-Thon.

The Corporation has supported the event over the years and was thrilled to be a corporate partner in 2013.

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Students of the Chaguanas North Secondary School created history when they walked away with the first, second and third place of the 22nd edition of the Trinidad and Tobago Unit Trust Corporation’s Schools’ Investment Game.

The announcement, made recently during the award ceremony at UTC’s Financial Centre in Port-of-Spain, was accompanied by shouts of jubilation and scenes of celebration from the students of the winning school.

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Executive Director of the Trinidad and Tobago Unit Trust Corporation,Members of Senior Management, Students and Teachers,Members of the Media,

Good morning and welcome,
First I would like to extend congratulations to the students and teachers whose achievements we are celebrating today. I’m thankful to be here to recognize your achievements in the Unit Trust Corporation’s School Investment Game. Today I
But before I start, I have a question for you all. Can anyone guess what Steve Jobs, my mother and an aquarium full of fish have in common? Well let me talk to you for a bit and we’ll find out soon enough.

I was asked about a week ago to deliver this speech and I thought“yeah man this thing easy! Sock eye!” But pretty soon afterward reality set in and I started to wonder “but wait nuhwhat I really gonna talk about”?

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Delivered by
Ms. Eutrice Carrington
Executive Director of T&T Unit Trust Corporation

At the

Closing of the UTC Schools’ Investment Game 2012


Tuesday 26th February 2013
At the
UTC Financial Centre, Port of Spain

Executives and senior managers of the Corporation, teachers, students, representatives of the media, ladies and gentlemen….Good Morning. Today, I am so very pleased to welcome you all to the UTC Financial Centre as we bring to a close – the twenty-second (22nd) edition of the UTC Schools’ Investment Game….. A Warm Welcome to All.

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Wendell Mottley

Wendell Mottley has blazed a trail on Olympic tracks, covered himself in glory at Yale and Cambridge, etched his name in the history of T & T as Minister of Finance and carved a name for himself in the financial sector locally and internationally.

Effective January 1, 2013 he took up an appointment as the chairman of the Unit Trust Corporation (UTC), replacing former central banker Amoy Chang Fong and promising to take the financial institution back to basics.

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Thank you Master of Ceremonies for your kind words of introduction.

The Honourable Vasant Bharath, Minister of Trade and Industry, the Governor of the Central Bank of Trinidad and Tobago, Mr. Jwala Rambaran, Mr. Chairman and members of the Board of the UTC, our distinguished Honourees, Messrs. Hospedales, Benn and Alexander specially invited guests, Reverand Sieunarine, Mrs. Clarke-Andrews, members of the Management Team, ladies and gentlemen.

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