UTC celebrates its initial shares sale in St Lucia

The Unit Trust Corporation (UTC) on Monday reinforced its regional investment footprint, hosting its first, historic shares sale event in St Lucia and bringing to investors the UTC Global Balanced Fund Limited (GBFL).

Potential investors, institutional as well as individual, gathered at the Harbor Club St Lucia, Curio Collection by Hilton, to learn more about the GBFL, which is the first retail Collective Investment Scheme (CIS) that will become available to investors across the entire Eastern Caribbean and who had the opportunity to sign up for the fund at the event.

Nigel Edwards, UTC Executive Director and GBFL Director, remarked during an informative panel discussion that GBFL will allow everyone an opportunity to participate in the capital markets in a way not possible before, much like what UTC offered when it started operations in Trinidad and Tobago more than 40 years ago.

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