Sunday, November 22, 2015

The latest data provided by the Financial Services Commission (FSC) indicates that unit trust companies doubled portfolio asset value, year over year for the period ending March 31, 2015.

As at March 31, 2015, total funds managed by unit trust management companies were approximately $120.5 billion, compared to $66.76 billion in March 2014.

The growth indicates that the segment is among the fastest growing in local funds under management, even compared to pensions which grew by 10 per cent year over year to $350 billion at March.

The data, although six months late, is the most recent published by the FSC in its quarterly FSC Compass newsletter in November.

As at March 31, 2015, there were 11 unit trust funds managed by five fund managers: Barita Unit Trusts Management Company Ltd., Scotia Asset Management Jamaica Ltd., Sagicor Investments Jamaica Ltd., JMMB Fund Managers Ltd. and NCB Capital Markets Ltd.

Unit trusts portfolios , the FSC states, are composed mainly of fixed-income securities, real estate investments and equities.

http://www.jamaicaobserver.com/business/Unit-trusts-double-funds-under-management-_19239740