Nov 2008 Financial News

Mutual fund association formed

Nov 26, 2008

T&T’s largest mutual fund providers have formed the T&T Mutual Fund Association (TTMFA). 

In a statement, the association said its members manage over $35 billion and serve over 500,000 unitholders. 

Members of the new body include AIC Financial Group, ANSA Merchant Bank Ltd, Bourse Securities Ltd, First Citizens Asset Management Ltd, Guardian Asset Management Ltd, One Financial Ltd, RBTT Trust Ltd, Republic Bank Ltd and the T&T Unit Trust Corporation. 

Membership includes mutual fund providers, sponsors, trustees, distributors, investment managers, advisors and administrators. Among other things the association is intended to spearhead the development and growth of the mutual fund industry, encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds and their investors.


Source:
Trinidad Guardian
Wednesday November 26, 2008
http://www.guardian.co.tt/business4.html