UTC
Energy Fund coming
By Curtis Williams
Trinidad Express
Port
Spain
Petroleumworldtt.com
12 03 06
The
Unit Trust Corporation yesterday held a news conference
to announce the forthcoming launch of its energy
fund.
The
UTC Energy Fund will be available to local investors
within by the middle of December, said officials
of the mutual fund company.
Speaking
on the 24 anniversary of the establishment of the
organisation, executive director of the UTC Michael
Alexander framed his address in the context of the
the mandate of the Corporation to “promote
a shareholding democracy among the widest possible
community.”
He
said that with the establishment of the UTC Energy
Fund, the organisation will offer unitholders the
opportunity to own a piece of this wealth-producing
sector.
The
fund will include the securities, both fixed and
equity, of energy companies, including some that
operate in T&T but are listed on foreign stock
exchanges. The fund will be offered in US dollars
and the sales charge will be five per cent of the
offer price with a management fee of up to 1.5 per
cent of the fund’s net asset value.
Trinidad
Express
Thursday 30th November, 2006
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©2006 Trinidad Express. All Rights Reserved.
