There has been no request by the US authorities for the extradition of anyone else from T&T besides Jack Warner, such as the Trinidadian supermarket chain businessman named in US court document
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RBC’s Roytrin celebrates 20 years
If you invested $1 million in Roytrin’s Income and Growth Mutual Fund 20 years ago, how much would you be worth today? How about $6.57 million? The past two decades have been a period of relentless focus and commitment to service, quality and value for the fund managers at RBC, resulting today in the delivery of a 9.85 per cent average annualised return on capital investment. This in itself is a source of good news for serious investors.
Back in 1994, RBC was the first local bank to launch a mutual fund with a cadre of experienced managers to help small investors gain access to professionally managed, diversified portfolios of equities, bonds and other securities.
“There are a lot of investors who would benefit from equity markets to generate returns that can offset rising inflation, but some people end up losing money rather than gaining any substantial reward as they do not stay invested but come in and out in an attempt to ‘time’ markets,” said Natalie Mansoor, head of Asset Management at RBC Investment Management.
She adds however, that investors who try to time markets end up selling when markets are down and buying when markets are strong, effectively doing the opposite of what you need to do to build wealth. “Roytrin offers investors an opportunity to use the services of an experienced fund manager to invest on their behalf, and when tested relative to inflation, there is a real return on their investment giving them an increase in real purchasing power,” Mansoor said.
In fact, comprehensive data produced by the bank has shown that a basket of goods worth $1000 in 1994 would cost you T$3200 today based on the rise in prices over the last 20 years. This means that an investment of $1000 in Roytrin in 1994 would be worth $6570 today and investors would have not only kept pace with inflation, but also increased their net worth in real terms or net of inflation as they have an additional $3,370 worth of purchasing power today.
“A lot of investors make the mistake of abandoning their financial plans at the first sign of bad news, but staying true, like many of our clients who did, is probably one of the most critical aspects for wealth-creation,” adds Mansoor.
The Roytrin TTD Income and Growth Fund has created real wealth for RBC clients despite many setbacks such as the most recent global financial crisis and subsequent recession of 2008 /2009, the decline in the local equity market in 2005/2006 when the TTSE Composite Index declined over 21 per cent in the 12 months to June 2006, the dot-com crash in 1999 – 2001 and many more negative events and recessions over the last 20 years.
“This growth however, could not be possible without the longstanding support of our clients along the way. And to them, we say thank you for going the many extra miles with us,” said Mansoor.