Expanding Horizons: UTC Global Balanced Fund Limited Launches in St Vincent and the Grenadines
The Trinidad and Tobago Unit Trust Corporation (TTUTC) has taken a significant stride in the Caribbean financial landscape with the introduction of the UTC Global Balanced Fund Limited (UTC GBFL) in St Vincent and the Grenadines. This new venture marks a pivotal moment for TTUTC as it extends its commitment to fostering financial empowerment in the region.
Highlights of the launch and TTUTC’s vision for the future include:
- The official activation of UTC GBFL in St Vincent and the Grenadines on November 7.
- TTUTC Director, Nigel Edwards, emphasizing the corporation’s dedication to assisting Caribbean individuals in achieving financial independence.
- The belief that financial literacy is key to making well-informed decisions for a secure financial future.
Edwards highlighted the success of UTC GBFL in St Lucia and shared positive news on returns to investors, stating, “The GBFL has provided returns exceeding 10 percent since inception, with subscriptions doubling over the last three months.” This impressive performance underscores the growing interest and confidence in UTC GBFL’s investment opportunities.
Further demonstrating its commitment to expanding its services, TTUTC recently introduced three new mutual funds in Jamaica in collaboration with the GraceKennedy Group. The funds under management have reached US$31.1 million as of September 2024, reflecting the steady growth and demand for UTC’s offerings in the Caribbean market.
Looking ahead, the UTC GBFL’s sights are set on entering new territories such as Guyana, showcasing its dedication to strengthening its presence across the region. With over 40 years of experience, TTUTC stands as a leading asset manager in the Caribbean, serving more than 500,000 unitholders. Managed by the Trinidad and Tobago Government, TTUTC oversees funds totaling over US$3.6 billion, solidifying its position as a key player in the Caribbean financial sector.
In conclusion, the launch of UTC GBFL in St Vincent and the Grenadines represents a strategic move towards a more financially empowered region. With a strong track record of success and a commitment to growth, TTUTC continues to pave the way for individuals across the Caribbean to build a secure and prosperous financial future.
