UTC Media Centre

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

November 5th 2013: As part of our ongoing commitment to our unit holders, Unit Trust is streamlining its operations to meet market changes, by pursuing opportunities that not only enhance our competitiveness but complement our Unitholders’ investment strategies. 

For some time now, the Corporation’s Cayman Islands registered funds which comprises the Asia Pacific Fund, the Latin American Fund, the European Fund, the Global Bond Fund and the Energy Fund, have been severely affected by global economic challenges and have not performed up to expectations.  In addition after five years of operation the Funds have not grown sufficiently to be able to sustain their full operating costs, having only attracted 902 investors who hold less than US$6million in the five funds combined.  This is in comparison to the Growth and Income Fund, which has over 235,000 investors who hold investments of over TT$4 billion in the fund. In light of this, the Board has taken the decision to close these particular Cayman Funds. Read More

Opening remarks

Delivered by

Mr. Ian Chinapoo

Executive Director of the T&T Unit Trust Corporation

At the

Divali Celebrations and Prize giving Ceremony 2013

Chaguanas Investment Centre

Wednesday 16th October 2013

  • His Worship Orlando Nagessar, Mayor of Chaguanas
  • Fellow Board Members, Executives and Staff of the Trinidad and Tobago Unit Trust Corporation
  • Judges of the 2013 UTC Divali Art Competition
  • Teachers, students, aspiring artists
  • Specially invited guests
  •  Members of the Media
  • Ladies and Gentlemen

It is with immense pleasure that I welcome you to the Trinidad and Tobago Unit Trust Corporation’s 2013 Divali Celebrations and Art Prize-Giving Ceremony. This, being my first Divali celebration with you as Executive Director of the Unit Trust, I must say that I am indeed humbled by the warm welcome I have received and elated to see you all here at this auspicious occasion. The competition is now in its 8th year and is a testament to our continued commitment to harnessing the artistic energies of our young people. Read More

October 9th, 2013

For Better or for Worse

Getting married is one of the most important decisions you’ll ever make. Not only is choosing the right partner critical for your happiness, but saying, “I do” also affects your financial life in ways you might not realise. 

Marriage injects us with a reality for which we might be unprepared.  Getting intimate with your partner’s credit card debt and loans and spending habits might not be the ideal conversation but pre- nuptial planning and honesty can help mitigate some newlywed nuisances.

As clichéd as it sounds, a budget could help mitigate a couple’s stress. You both need to know how much the bills are and how the money is invested going to be invested. Otherwise,   as a couple you may find yourself not knowing what financial resources are. Read More

Opening remarks
Delivered by
Mr. Ian Chinapoo
Executive Director of the T&T Unit Trust Corporation
At the opening of the T&T UTC Schools’ Investment Game 2013
Wednesday October 2nd 2013
At the UTC Financial Centre, Port of Spain

Executives , Mrs. Karen Guyadeen–Gosine, AVP Investments, Senior Managers of the Corporation, teachers, students, members of the media, ladies and gentlemen.

Good morning and welcome the launch of the 23rd edition of the Unit Trust Corporation’s Schools’ Investment Game. To the students and teachers, it is great having you all here. Let me say it is indeed pleasure and an honour for me to be here today to endorse and support your participation in this long-running game.

First launched in 1991, the Schools’ Investment Game or SIG, as we fondly call it, was designed to give you, secondary school students early exposure to the dynamic and intriguing world of finance and investing – an important element in achieving sound wealth management techniques and providing an experience that you take with you, for better or for worse. Read More

October 2nd, 2013

UTC suffers power outage

On October 2nd 2013, the Unit Trust Corporation undertook an emergency evacuation that was triggered by the fire alarm at the Port of Spain Head Office.

Smoke was seen emanating from the northern side of the basement following a power outage and subsequent power surge.

In keeping with our safety procedures, the emergency services were alerted and following rigorous inspection of the building by the Trinidad and Tobago Fire Service and T&TEC, the officers advised it was safe to enter the building.

***END***

For further information please contact:
Rory Rostant
Communications Manager

Warren Buffet once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.” One of the most common mistakes investors make is not thinking holistically about their portfolio. Instead, they tend to examine each individual investment and overreact to the ones that are performing poorly or experiencing volatility – a recipe for financial ruin.

To both the novice and seasoned investor, volatility is the tendency of a market or security to rise or fall sharply over a short period of time. Changes in monetary policy, economic crisis and even the threat of war are forces that can contribute to stock market volatility. For example, in the energy sector, a major weather storm in an important oil producing area can cause prices of oil to spike in either direction. As a result, the price of oil-related stocks may follow suit. Some may benefit from the higher price of oil while others may be impacted negatively. This increased volatility can affect overall markets as well as individual stocks. Read More

As much as we hate to think about it, life doesn’t always go to plan. Unexpected illness, injury or death could strike at anytime and leave your family, spouse and even yourself in some serious financial trouble. The financial toll on you and your loved ones can be crippling.

Having the right measures in place can provide you with invaluable financial support if the unexpected happens. Insurance, a ‘rainy day’ or emergency fund and budgeting are all easy, affordable measures you can put in place to make sure your financial needs are addressed in the event of an unexpected illness or death. If you think life insurance isn’t something to be concerned with ask yourself this question: If you were to pass away, could your family maintain their quality of life to an acceptable level? Could your spouse and children afford to cover your outstanding debts and live from week to week without your income? The answer is probably no. Read More

Once you start earning a monthly income and begin to have dreams about what you want in life, from owning a new vehicle to purchasing a home or even travelling the globe, you have set goals that have a cost attached to them. Meeting those goals requires an investment portfolio that is right for you.

What exactly is an investment portfolio? It is a collection of assets aimed at achieving one or more investment objectives.  These may include making immediate profits, earning regular income, growing as well as preserving the initial principal invested. The investment instruments available to you include mutual funds, money market instruments, bonds, stocks and alternative assets such as land and rental property. Read More

Youth development through culture: The Unit Trust Corporation, in its continued commitment to youth development and cultural enhancement, provided a donation worth $10, 000 to the Trinidad and Tobago Music Stars Steel Orchestra. The group which consist of 73 youths from the Morvant community, coordinates an annual vacation camp to build their skills in the area of music, sports and computer literacy. The camp is aimed at channeling the energies of youth into activates that will reap positive rewards in their future. Here, Gayle Daniel-Worrell, Vice President, Marketing, Communications and Distribution Channels, Unit Trust Corporation, presents the donation to Mugabe Pierre, Founder Trinidad and Tobago Music Stars Steel Orchestra.

Healthy Bodies, Healthy Minds

August 15th 2013: The Unit Trust Corporation in pursuit of its commitment to education and youth development recently partnered with The Cotton Tree Foundation at its annual vacation camp, themed “Healthy Bodies, Healthy Minds.”

Donation: (L-R) Gayle Daniel Worrell, Vice President, Marketing, Communications and Distribution Channels (right) presents Anneliese Percy, General Manager, Cotton Tree Foundation receive donation cheque from

Read More