UTC Media Centre

 
We will keep you updated with whatever happens - when happens in the world of Unit Trust.
 
 
January 3rd, 2014

UTC Agency Relocation

TTU 84360,Garth Thomas Agency Relocation notice

December 16th, 2013

UTC HOSTS MEDIA LUNCHEON

The Unit Trust Corporation recently hosted an executive luncheon for members of the business media fraternity at Jaffa at the Oval.  UTC Chairman Wendell Mottley, UTC Executive Director Ian Chinapoo and executives got the opportunity to meet key business journalists and share insights on a diverse range of topics. Here, we share some photos from the event

UTC Chairman Wendell Mottley (right) and Amoy Van Lowe, VicePresident, UTC Advisory Services engage the attention of (from left)  Curtis Rampersad, Head of Business News, Trinidad Express, and Guardian business reportersRaphael John Lall and  Aleem Khan.

UTC Chairman Wendell Mottley (right) and Amoy Van Lowe, Vice
President, UTC Advisory Services engage the attention of (from left)
Curtis Rampersad, Head of Business News, Trinidad Express, and Guardian business reporters
Raphael John Lall and Aleem Khan.


Read More

November 21st, 2013

Managing Risk and Return

“I am more concerned about the return of my money, than the return on my money.”  Mark Twain. This quote from the celebrated US author still rings true today. In today’s volatile environment investors want continuous assurance that their investments are not jeopardized by frivolous and uninformed decisions or driven by unreasonable promises of quick returns.

Like life, saving and investing are full of risks.   What you want to do is mitigate those risks. In reading about investments, you’ve probably encountered the terms “risk” and “return” and wondered what they mean.  Risk is the chance of loss on your investment while return is the income or gain you receive on your investment.  For us at the Unit Trust, our focus is to manage risk in a way that investors have the best opportunity for consistent, competitive returns. We take this responsibility very seriously. Read More

November 7, 2013: The Unit Trust Corporation (UTC), in operation for more than 30 years, is one of the largest financial services providers in Trinidad and Tobago. The UTC works closely and cooperatively with the Central Bank of Trinidad and Tobago. Both the Central Bank and the Ministry of Finance are represented on the UTC’s Board of Directors, in accordance with the Unit Trust Corporation of Trinidad and Tobago Act of 1981. Read More

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