The UTC Global Balanced Fund Limited (UTC GBFL), a subsidiary of Trinidad and Tobago Unit Trust Corporation (UTC), officially launched in the Dominican market on Thursday, marking another milestone in its ambitious regional expansion across the Eastern Caribbean Currency Union (ECCU).
The launch ceremony took place at the Fort Young Hotel and Dive Resort in Roseau, celebrating the fund’s entry into its fourth Caribbean market since its establishment in Saint Lucia in 2023. UTC GBFL now operates across Grenada, St. Kitts, St. Vincent and the Grenadines, and Dominica, as part of UTC’s broader mission to strengthen economic integration and democratize investment opportunities throughout the region.
Executive Director of the Unit Trust Corporation, Nigel Edwards, highlighted the fund’s impressive track record during the launch event. Since inception in 2023, UTC GBFL has delivered an 18.25% return while managing $9.5 million USD in assets – representing a remarkable 90% growth from its initial launch.
“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,” Edwards stated, emphasizing the fund’s commitment to financial inclusion across the Caribbean.
The fund operates under rigorous regulatory oversight, with Edwards noting the “consistent oversight by regional regulators, including the Eastern Caribbean Securities Regulatory Commission, ensuring that every dollar is managed with care, prudence, and accountability.”