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October 16th, 2009

UTC Continues to Grow

Technology to Keep Corporation One Step Ahead

Over 15,000 customers have joined the Trinidad and Tobago Unit Trust Corporation (UTC) so far for 2009 taking the Corporation’s total number of customers to just over 514,500 customers as at October 15, 2009. “The growth in our customer base speaks to the continued confidence investors have in our products and our team,” said Executive Director Marlon Holder. As the Corporation approaches its’ 28th anniversary in November, customers will soon enjoy even greater customer convenience as UTC embraces technology to bring services closer to customers. Read More

TT Dollar Income Fund Market Value Crosses TT $10 Billion

The Trinidad and Tobago Unit Trust Corporation (UTC) has surpassed another impressive milestone. On October 9, 2009, the Market Value of UTC’s TT Dollar Income Fund crossed TT 10 Billion dollars. The TT Dollar Income Fund is the Corporation’s fastest growing product and has over 428,960 customers. The UTC TT Dollar Income Fund is the nation’s largest TT dollar denominated Income Fund. Read More

Can you describe the intrinsic impact the celebration of Divali has on Trinbago culture? Young  Shehnaaz Salim captured this “inner light”  in the art piece “Dancing to the Sound of Light” that captured the first prize in the 2009 UTC Divali Art Competition (Secondary School Category). Salim, student of the Chaguanas North Secondary School won $2500 in UTC TT $ Income Fund Units and also won TT$2,000 for the purchase of art supplies for his school. Read More

Bouncy castles, face painting, games of cricket and basketball being enjoyed while the scents of chicken bar-b-cue being prepared by caring hands fill the air. This was the experience enjoyed by the children of the St. Mary’s Children’s Home on October 3, when staff of the Trinidad and Tobago Unit Trust Corporation came together to host a “Fun Day” for the children. Read More

For even the most scholarly student, the transition from primary to secondary school is challenging. This transition is even more significant when faced with financial difficulties. For the past 13 years, the Trinidad and Tobago Unit Trust Corporation (UTC) has assisted in making this transition for SEA students who are academically brilliant but in need financial support. Each student receives a $8,200 scholarship from the UTC for the 7 years of their high school education. The scholarship is accompanied by a training and development programme which includes training from a psychologist and members of the UTC team. Read More

It’s September. Children and parents across the country are once again faced with the daily challenge of homework. This challenge is even greater when children have no workspaces or quiet areas in which they can sit to concentrate on these daily assignments – and no help to complete them! The Community Intervention for Transformation & Empowerment (CIT+E) program has worked to provide the children of East POS with an ideal environment to complete their homework with the assistance of trained teachers. One such Homework Clinic is located on the compound of the St. Roses’ Girls’ R. C. School on Henry Street, POS. This clinic occupies two separate rooms, both of which needed some sprucing up. Read More

Over the next 7 weeks, staff of the Trinidad and Tobago Unit Trust Corporation (UTC) will provide the labour to build a home for a financially and physically challenged family in La Romaine. This comes as a result of a Memorandum of Understanding signed between Habitat for Humanity Trinidad and Tobago (HFHTT) and the UTC.

When completed the UTC/ HFTT project will assist 2 family members (a mother and a physically challenged child) with the construction of two (2) 10 ft X 10 ft bedrooms, indoor toilet facilities, kitchenette, small living room and basic plumbing and electrical services. UTC will contribute TT$100,000 of the HFTT subsidized construction costs. Read More

The over 429,413 investors in the Trinidad and Tobago Unit Trust Corporation TT Dollar Income Fund received their portion of the Fund’s TT$90,459,441.86 distribution payment on August 31, 2009. This was the 80th distribution of the TT$ Income Fund (Second Unit Scheme) and represents the distribution for the period June to August 2009. Read More

Turtle season will end as the nation celebrates Independence on August 31st. While the number of human visitors to Matura has decreased as the season draws to a close, the number of turtles on the beach has increased – baby turtles (hatchlings) are now paddling and crawling their way to the ocean from the nests laid by the thousands of nesting female sea turtles in June and July. Earlier this month, the path to the ocean was made a bit less treacherous thanks to the work of Nature Seekers and volunteers from the Trinidad and Tobago Unit Trust Corporation (UTC). Read More

The world is showing signs of economic recovery. The US, German, Japanese and other markets are reporting that the international financial crisis is drawing to a close. Marlon Holder, Executive Director of the Trinidad and Tobago Unit Trust Corporation (UTC) agrees. “Normally, Trinidad and Tobago’s economy lags about 3 to 6 months behind the industrialized world. We are seeing increases in the price of oil but not great change in the price of natural gas, our key export. All in all though, we must start positioning for a gradual recovery around Christmas time” he says. The UTC Executive Director believes this change, combined with UTC’s varied products and delivery channels, makes it an excellent time for investment in wealth management products. “The time to invest is now – don’t wait. The best opportunities can be found now before the markets rise,” he said. Read More