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June 24th, 2010

MEDIA STATEMENT

June 24, 2010: In accordance with section 30 (6) of the Unit Trust Corporation Trinidad and Tobago Act, 1981 (as amended) the UTC is required to submit its annual audited accounts to the Minister of Finance by April 30 of each year. This was done on April 9, 2010. Similarly, under section 30 (7) of the Act the Minister of Finance is required to lay the accounts in Parliament. Read More

June 21, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) opened its 10th Customer Service Centre on Monday June 14, 2010 at Movietowne, Invaders Bay, Trinidad. “UTC chose Movietowne as our customers are increasingly defining convenient locations as those that offer opportunities to access a variety of services in one location,” said Ms. Eutrice Carrington, Chief Executive Officer (Ag.) of the UTC. Read More

May 26, 2010: Investors of the Trinidad and Tobago Unit Trust Corporation (UTC) are being reminded of the advantages of a diversified portfolio. With a suite of ten funds, a multi-fund approach was demonstrated showing the additional benefits of spreading investments over a variety of funds to garner better returns. “The notion of passive diversification as a cure for investment underperformance must give way to an approach that more actively extracts value from a diversified portfolio of funds,” said Ms. Eutrice Carrington, UTC Chief Executive Officer (acting).

“The variety of UTC’s equity and income funds now offers investors additional options to improve their returns by constructing their own portfolios from UTC’s product offering,” she said at the Corporations’ May 26, 2010 Annual General Meeting at Queen’s Hall, Port of Spain. Read More

rohimageMay 13, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) advises that the Trinidad leg of the UTC Ribbons of Hope 5K originally scheduled for May 15th has been unavoidably postponed to May 29th 2010.

The Tobago race remains unaffected and will be held on Sunday May 16th.

UTC regrets any inconvenience caused by the postponement of the Trinidad race.

Contact:
(868) 624-8648

April 26, 2010: The Trinidad and Tobago Unit Trust Corporation published its Financial Statements for 2009 today. The Chairman’s Review of 2009 highlights the difficult market conditions that prevailed in 2009 – global interest rates were at historic low levels and stock markets also experienced record lows. By the end of the year, however, there were signs of improvements in most markets and the UTC was cautiously optimistic about future trends. Read More

April 9th, 2010

Announcement

Eutrice CarringtonApril 9, 2010: The Chairman of the Board of Directors of the Trinidad and Tobago Unit Trust Corporation (UTC), Ms Amoy Chang Fong, announced today that Ms. Eutrice Carrington will take over the reins of the UTC, effective 10 April 2010, until the Board completes its search to fill the Executive Director’s position, vacated by Marlon Holder.   “The Board will immediately begin to examine both internal and external candidates for the post of Executive Director of the UTC,” said Ms Chang Fong. 

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April 1, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) has again lent its support to the development of local cycling, through its $75,000 sponsorship of the Beacon Trinidad and Tobago Cycling Festival.

The UTC is the title sponsor of the new Survivor Challenge competition, which event organiser, Michael Phillips describes as “the curtain event” of the endurance races. The event will feature the largest field in the All-Star category.  The Survivor prize is contested in the first or second lap of the 30-40 lap endurance race, and is the biggest prize of all. Read More

March 11, 2010: Matura Beach is one of the world’s most important nesting beaches for the critically endangered leatherback sea turtles, with over 5,000 nests per year. And with turtle nesting season officially beginning on March 1, 2010, a team from the Trinidad and Tobago Unit Trust Corporation (UTC) joined Nature Seekers and other volunteers to assist in the annual beach clean-up efforts on February 28. Read More

March 1, 2010: For the year ending December 31, 2009, customers of the Trinidad and Tobago Unit Trust Corporation (UTC) have received over TT$700 Million in distributions despite historically low interest rates and weak equity markets. Existing and new UTC customers have reciprocated and reinvested in the UTC suite of mutual funds over TTD 2.8 Billion, a record net inflow. The UTC customer base also increased by over 20,000 to stand at a current total of over 521,000.  Read More

November 25, 2009:While many businesses across Trinidad and Tobago have already started trimming their Christmas trees and hanging garlands throughout their offices, the staff at the Trinidad and Tobago Unit Trust Corporation (UTC) have gone a different route with their Yuletide décor. Read More