Home' Trinidad and Tobago Guardian : April 20th 2014 Contents APRIL 20 • 2014 www.guardian.co.tt SUNDAY BUSINESS GUARDIAN
If you invested $1 million in Roytrin s Income and
Growth mutual fund 20 years ago, how much would
you be worth today? How about $6.57 million? The
past two decades have been a period of relentless
focus and commitment to service, quality and value
for the fund managers at RBC, resulting today in the
delivery of a 9.85 per cent average annualised return on capital
This, in itself, is a source of good news for serious investors.
Back in 1994, RBC was the first local bank to launch a
mutual fund with a cadre of experienced managers to help
small investors gain access to professionally managed, diversified
portfolios of equities, bonds and other securities.
"There are a lot of investors who would benefit from equity
markets to generate returns that can offset rising inflation,
but some people end up losing money rather than gaining
any substantial reward as they do not stay invested but come
in and out in an attempt to time markets," says Natalie Man-
soor, head, asset management, RBC Investment Manage-
She adds, however, that investors who try to time markets
end up selling when markets are down and buying when mar-
kets are strong, effectively doing the opposite of what you
need to do to build wealth.
"Roytrin offers investors an opportunity to use the services
of an experienced fund manager to invest on their behalf,
and when tested relative to inflation, there is a real return
on their investment giving them an increase in real purchasing
power," Mansoor added.
In fact, comprehensive data produced by the bank has
shown that a basket of goods worth $1,000 in 1994 would
cost you $3,200 today based on the rise in prices over the
last 20 years. This means that an investment of TT$1,000
in Roytrin s Income and Growth mutual fund in 1994 would
be worth TT$6,570 today and investors would have not only
kept pace with inflation, but also increased their net worth
in real terms or net of inflation as they have an additional
TT$3,370 worth of purchasing power today.
"A lot of investors make the mistake of abandoning their
financial plans at the first sign of bad news, but staying the
course, like many of our clients did, is probably one of the
most critical aspects of wealth creation."
The Roytrin TTD Income & Growth Fund has created real
wealth for RBC clients despite many setbacks such as the
most recent global financial crisis and subsequent recession
of 2008 /2009, the decline in the local equity market in
2005/2006 when the TTSE Composite Index declined over
21 per cent in the 12 months to June 2006, the dot-com crash
in 1999 to 2001 and many other negative events and recessions
over the last 20 years.
"This growth, however, would not have been possible
without the longstanding support of our clients along the
way. And to them, we say thank you for going the many extra
miles with us," says Mansoor.
As of December 31, 2013, the Income and Growth Fund
had $674.58 million under management and it returned 9.7
per cent in 2013. Some 45 per cent of the assets in the fund
are in US dollars, while 55 per cent of the fund s assets are
in TT dollars.
At the end of last year, its largest holding, at 7.44 per cent
was cash, while First Citizens was its second largest holding
with 6.59 per cent. The mutual fund also held large blocks
of Unilever Caribbean, Neal and Massy Holdings and ANSA
Roytrin mutual funds are open-ended funds specially
designed by RBC Royal Bank as investment vehicles, to offer
individual and institutional investors the opportunity to invest
in professionally managed portfolios.
The Roytrin family of mutual funds consists of a TTD and
USD Income and Growth Fund and a TTD and USD Income
Fund. RBC also has a TTD and EUR High Yield Fund as well
as a TTD and USD Money Market Fund in its family of funds.
RBC Roytrin celebrates
20 years of
head, asset management, RBC Investment Management
At the end of last year, its largest holding, at 7.44 per cent was cash, while First Citizens
was its second largest holding with 6.59 per cent. The mutual fund also held large blocks
of Unilever Caribbean, Neal and Massy Holdings and ANSA McAL.
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