Trinidad and Tobago Unit Trust Corporation
Encyclopedia
The Trinidad and Tobago Unit Trust Corporation (UTC) is a mutual fund
company based in Port of Spain
, Trinidad and Tobago
. Founded in 1981 through an Act of Parliament
, the company describes itself as "the leading mutual fund company in the Caribbean". The UTC dominates the mutual fund market in Trinidad and Tobago.
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
company based in Port of Spain
Port of Spain
Port of Spain, also written as Port-of-Spain, is the capital of the Republic of Trinidad and Tobago and the country's third-largest municipality, after San Fernando and Chaguanas. The city has a municipal population of 49,031 , a metropolitan population of 128,026 and a transient daily population...
, Trinidad and Tobago
Trinidad and Tobago
Trinidad and Tobago officially the Republic of Trinidad and Tobago is an archipelagic state in the southern Caribbean, lying just off the coast of northeastern Venezuela and south of Grenada in the Lesser Antilles...
. Founded in 1981 through an Act of Parliament
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
, the company describes itself as "the leading mutual fund company in the Caribbean". The UTC dominates the mutual fund market in Trinidad and Tobago.