The UTC Glob­al Bal­anced Fund Lim­it­ed (UTC GBFL), a sub­sidiary of the T&T Unit Trust Cor­po­ra­tion (TTUTC), has ex­pand­ed op­er­a­tions in­to Do­mini­ca, mark­ing a ma­jor step in its re­gion­al ex­pan­sion strat­e­gy across the East­ern Caribbean.

The event took place yes­ter­day at the Fort Young Ho­tel and Dive Re­sort in Roseau.

In a news re­lease, the UTC said this mile­stone un­der­scores the mu­tu­al fund com­pa­ny’s mis­sion to deep­en eco­nom­ic in­te­gra­tion and broad­en ac­cess to pro­fes­sion­al wealth man­age­ment so­lu­tions through­out the East­ern Caribbean Cur­ren­cy Union (EC­CU).

Es­tab­lished in St Lu­cia in 2023, UTC GBFL has widened its foot­print in the East­ern Caribbean with its pres­ence now ex­tend­ed to Grena­da, St. Kitts, and St. Vin­cent and the Grenadines. The en­try in­to Do­mini­ca sig­nals con­tin­ued con­fi­dence in the fund’s long-term growth strat­e­gy and in the re­gion’s eco­nom­ic po­ten­tial.

In his fea­ture ad­dress at the launch, Ex­ec­u­tive Di­rec­tor of the Unit Trust Cor­po­ra­tion, Nigel Ed­wards, high­light­ed the Fund’s ro­bust per­for­mance to date.

“Since its in­cep­tion in 2023, the fund has achieved a re­turn of 18.25 per cent, with US$9.5 mil­lion un­der man­age­ment. This rep­re­sents a 90 per cent growth since in­cep­tion,” Ed­wards said.

“At TTUTC, we be­lieve wealth should not be a priv­i­lege for a se­lect few. It should, in fact, be with­in reach for all, re­gard­less of back­ground or eco­nom­ic stand­ing.”

He al­so reaf­firmed the fi­nan­cial in­sti­tu­tion’s com­mit­ment to sound gov­er­nance and in­vestor pro­tec­tion, not­ing that UTC GBFL is reg­u­lat­ed un­der the ro­bust over­sight of re­gion­al bod­ies, in­clud­ing the East­ern Caribbean Se­cu­ri­ties Reg­u­la­to­ry Com­mis­sion.

“Every dol­lar is man­aged with care, pru­dence, and ac­count­abil­i­ty. That’s our promise to our in­vestors,” Ed­wards stat­ed.

The launch week al­so fea­tured a se­ries of pub­lic en­gage­ment ini­tia­tives de­signed to pro­mote fi­nan­cial ed­u­ca­tion and in­vestor con­fi­dence.

These in­clud­ed a cu­rat­ed In­vestor Mas­ter­class fa­cil­i­tat­ed by An­drew Ma­haraj, man­ag­er of in­vest­ment re­search & strat­e­gy at TTUTC, as well as a pub­lic sem­i­nar and a fi­nan­cial lit­er­a­cy lec­ture de­liv­ered at St. Mary’s Boys’ Acad­e­my in Roseau.

UTC GBFL’s en­try in­to the Do­mini­can mar­ket not on­ly re­flects its am­bi­tions for growth but al­so its com­mit­ment to em­pow­er­ing or­di­nary cit­i­zens with the tools and knowl­edge to par­tic­i­pate in wealth cre­ation.

The UTC Glob­al Bal­anced Fund, avail­able ex­clu­sive­ly with­in the EC­CU, is de­signed to give re­gion­al in­vestors ac­cess to in­ter­na­tion­al mar­kets through a pro­fes­sion­al­ly man­aged, pooled in­vest­ment struc­ture.

The fund is backed by the 42-year lega­cy of the TTUTC, known for its pi­o­neer­ing role in de­moc­ra­tis­ing in­vest­ment in the Caribbean.

As the fund con­tin­ues to grow its re­gion­al pres­ence, its un­der­ly­ing mis­sion re­mains clear: de­liv­er­ing ac­ces­si­ble, trans­par­ent, and pru­dent in­vest­ment so­lu­tions to Caribbean peo­ple.