Home > UTC Media Centre > Blog > #UTCTurns33 – Marking another Milestone Together

November 30th, 2015

#UTCTurns33 – Marking another Milestone Together

 

Anniversary Message:

“Your support is what drives us forward, you fuel our passion. On November 29th, 2015, we pause to recognise and to celebrate with you, our unit holders and to show our total appreciation for your business. But the key ingredient driving our quest for success over the years is you, our valued clients.”

Mr. Ian Chinapoo, UTC Executive Director

Sunday 29th November, 2015 signals 33 years of dedicated service to the people of Trinidad and Tobago and our cherished unit holders, who have played a crucial role in our development and success.

This year’s anniversary is a fitting time to reflect on the past and acknowledge the pivotal role played by our unit holders and staff in the success of the Corporation.

happy anniversary banner

How it all started!

We started with TT $5 million in invested equity and today we have close to 20 billion in funds under management with over 590,000 unit holders, which amounts to 80% of the workforce being a member of the Unit Trust Corporation. Our unit holders have actively contributed to the economic growth and development of Trinidad and Tobago by simply investing the Unit Trust. Their confidence and the trust they have placed on us is humbling.

To be honest and by any standard, celebrating 33 years is no mean feat and one which comprised several ingredients: innovative leadership, the co-operation and unstinting support of our staff, the dissemination of information by the media and you, our loyal customers, who stood with us through thick and thin.

Yes. This is some of our proudest moments!

We are proud of ourefforts to enhance financial literacy among our schools. What started out in 1996 as a company corporate social responsibility initiative aimed at assisting financially disadvantaged but brilliant students, the SEA programme has since grown significantly.Since then, the UTC has provided grants in the form of scholarships to children coming from financially disadvantaged families. The scholarship funding was utilized to provide these students with all the books and other necessary equipment needed in order for them to attend school throughout secondary and tertiary education.

Our Student’s Investment Game, as well, is designed to give our secondary school students early exposure to the dynamic and intriguing world of finance and investing. The game gives an insight into the skills needed for effective financial management, fiscal discipline and patience.

Through education, sports, art & culture and health and wellness, we continue to build our strategic and societal alliances, bringing added value to our social stakeholders thereby enhancing our reputation and sustainability.

Take me down memory lane

From its inception in 1982 in the wake of that wonderful spirit of co-operation between the Central Bank and other financial market actors, the UTC has grown from strength to strength. From a mere TT$42 million in funds under management with its flagship First Unit Scheme and 8,000 unit holders, the Corporation has grown to the place where it has earned funds under management in excess of TT$20 billion.

Looking toward the Future together

Now, with investment centres in nine locations and nine agencies across Trinidad and Tobago, the TTUTC has continued its pioneering financial services with the launch of this year’s Calypso Macro Index Fund, the Caribbean’s first exchange-traded macro index fund and the first UTC fund to be listed on the Trinidad and Tobago Stock Exchange. While it is the first fund of its kind – for both the UTC and the Trinidad and Tobago economy – it is also firmly rooted in the UTC’s original mandate to foster a culture of saving and investment through education and innovative solutions.

Along the way, we have faced many challenges and you have walked the road and triumphed with us. We promise to continue this quest to create sustainable wealth for all our investors. We will deliver investment solutions that fulfil your financial goals and improve the quality of life of our unit holders. This is our legacy and this is our promise to you.

As we continue to adapt to the challenging economic times, we stand by our mandate of capital preservation and value creation. And as we celebrate this milestone of 33 years, we look to the future buoyed by optimism and driven always by the passion for excellence.

Join us as we say Happy Anniversary!