UTC GBFL Celebrates First Anniversary in Saint Lucia

The UTC Global Balanced Fund Limited (UTC GBFL) recently marked its first anniversary with a vibrant cocktail event held at the Royalton St. Lucia. The milestone moment caps a year of remarkable growth and impactful contributions to the financial empowerment of St. Lucians.

Since its launch, the UTC GBFL has exceeded expectations, delivering returns of over 10% and experiencing a doubling of subscriptions in just the last three months. This achievement underscores the trust and confidence placed in the fund by St. Lucians, as well as the unwavering commitment of UTC GBFL’s parent company, the Trinidad and Tobago Unit Trust Corporation (TTUTC) to fostering economic growth and financial literacy across the region.

In his address to attendees, TTUTC Executive Director Nigel Edwards reflected on the significance of the occasion and the transformative power of the fund. “A year ago, we embarked on this journey with a commitment to support St. Lucians in unlocking the potential of global financial markets. The response we’ve received has been overwhelming. Your trust, enthusiasm, and engagement have shown us just how much this community values growth and opportunity,” Edwards said.

He emphasised that UTC GBFL’s mission extends far beyond finances, aiming to create a legacy of prosperity. “Our islands are brimming with entrepreneurial spirit, creativity, and resilience, and our aim at UTC GBFL is to channel that energy into creating sustainable financial security and generational wealth.”

Omar Burch-Smith, the Regional Collective Investment Scheme Manager of UTC Fund Management Services STL Limited, highlighted UTC GBFL’s strong performance and promising future prospects. “These results affirm the fund’s ability to meet the unique needs of investors across the Eastern Caribbean Currency Union (ECCU).” He expressed his immense satisfaction and pride in witnessing the remarkable transformation of so many attendees, who in less than a year have evolved from invitees to confident investors. He emphasized that this achievement reflects the shared commitment of UTC GBFL to fostering a culture of investment and financial empowerment across Saint Lucia and the Eastern Caribbean.

He reiterated UTC GBFL’s dedication to expanding the investor base by promoting financial literacy and public education. By equipping individuals with the knowledge to make informed financial decisions, UTC GBFL supports market development and contributes to the growth and prosperity of communities throughout the region.

UTC GBFL Brand Ambassador and cricket icon Daren Sammy also expressed his enthusiasm about being part of the UTC GBFL family, highlighting its alignment with his personal values and mission. “I can’t help but feel a true sense of pride as we celebrate the first anniversary of the launch of the UTC GBFL right here in St. Lucia. To see that we were the birthplace of such a monumental undertaking, and to see the success that it has been so far—that’s something really special,” he remarked.

Sammy went on to underscore the transformative impact of the partnership on the local community. “Working with UTC GBFL, I’ve seen the impact that wise investing and financial literacy can have, not just on individuals but on entire communities. In just one year, UTC GBFL has shown that we can create positive change, helping people here in St. Lucia take charge of their financial futures,” he said.

With a focus on innovation, inclusion, and sustainable growth, UTC GBFL is well-positioned to continue empowering St. Lucians to achieve their financial goals while contributing to the broader prosperity of the region.

UTC Global Balanced Fund Limited (UTC GBFL), a wholly-owned subsidiary of the Trinidad and Tobago Unit Trust Corporation, is an investment company incorporated in Saint Lucia to operate as a Collective Investment Scheme (CIS) in the Eastern Caribbean Currency Union.

The Trinidad and Tobago Unit Trust Corporation is the largest mutual fund service provider in the region, with Funds Under Management, as at 31st December 2023, totaling TT$24.5BN (approx. US$3.6BN). Underpinned by a robust risk management framework, continued good investment portfolio performance, and operational efficiency, TTUTC continues to honour its mission of generating wealth for all – communities both locally and regionally.