Roytrin Mutual Funds surpasses $675M

May was an historic month for RBTT’s Roytrin Mutual Funds. Total distribution to Roytrin Unitholders since inception, nine years ago, surpassed $675 million by the end of May 2003. No other mutual fund provider in TT has achieved this level of distribution of income to its unitholders base in such a short time frame, said RBTT in a press statement.

“The Roytrin Family of mutual funds has become one of the leading funds families in the local market and continued growth is expected for all its Funds,” said Stephen Bayne, Managing Director, RBTT Trust, “Local investors who have made Roytrin units their investment of choice, have been richly rewarded with very competitive returns and one of the largest distributions of income over the past nine years.”
Since its introduction to the local market in March 1994, Roytrin Units have become the investment choice of the local investor, providing regular monthly and quarterly income to over 55,000 unitholders over the years.

The Roytrin TTD Income and Growth Fund was the first mutual fund to be launched by the RBTT Group, followed by the TTD Money Market Fund in early 1996 and which has since become the largest fund in the Roytrin Family of Mutual Funds. At the end of May 2003, total assets of the TTD Money Market Fund stood at over TT$3.4 billion. In April 2001 the Roytrin family was again expanded to include its first UDS Fund. The Roytrin USD Money Market Fund quickly became one of the most successful funds and by the end of May 2003, total assets stood at over TT$1.6 billion. The combination of highly competitive returns, daily compounding and monthly distribution of income has made this fund on the local market. The Roytrin family was again expanded in March 2002 with the introduction of its second USD fund. The Roytrin USD Income and Growth Fund offers local investors professional investment management by one of the most renowned fund managers in the world, Salomon Smith Barney.