Roytrin makes record $28.4M monthly payout

The Roytrin Money Market Mutual Fund had its highest monthly payout to unitholders in August amounting to TT$28.4 million. For the eight-month period January to August 2003, the payout for the Roytrin Family of Mutual Funds was TT$204 million with the total payout since inception being TT$771.3 million.

Roytrin has become a household name among local mutual fund investors and now has over 60,000 unitholders, making Roytrin one of the most widely held mutual funds in TT, according to Stephen Bayne Managing Director of RBTT Trust Limited. The Roytrin TTD Money Market Fund’s assets under management grew from TT$3.69 million at the end of June to TT$3.81 billion by the end of August. This significant increase in Fund size can be attributed to the Fund’s competitive returns which were maintained throughout the period.

The USD Money Market Fund also experienced similar trends during the period. The Fund’s total assets under management rose from US$289 million at the end of June to over US$314 million by the end of August, an increase of US$25 million. According to Bayne, “This outstanding performance can be attributed to a combination of factors. “In a general sense, it is reflective of the maturing investor market here in TT as investors are now willing to explore alternative investment opportunities now available to satisfy their wealth management needs,” he said.