The Unit Trust Corporation (UTC) is celebrating the impending maturity of its Calypso Macro Index Fund (CMIF), set for November 30, marking a significant achievement for the organization. Executive Director Nigel Edwards, in a statement on November 24, described the event as ‘a landmark moment for the UTC,’ highlighting the fund’s success in delivering robust returns to its 2,025 unitholders since its inception in 2016.
The Calypso Fund was designed to offer local investors access to a diversified portfolio of local equities and international energy stocks, capitalizing on key economic drivers. Its performance has been stellar, growing from an initial value of $500 million to $569.42 million by 2024, representing a 13.9% increase. Over the past decade, the fund has distributed approximately $128 million in dividends, with per-unit payouts rising by 5%, from 80 cents in 2023 to 84 cents in 2024.
Edwards emphasized that the fund’s success underscores UTC’s commitment to democratizing investment and delivering tangible value to its stakeholders. ‘The Calypso Fund’s performance serves as a testament to both our strategic foresight and the efficacy of our stewardship,’ he said.
The fund’s maturity aligns with UTC’s overall strong financial performance in 2024, which saw total investment income reach $1.045 billion, with distributions to unitholders increasing by over 60%. Looking ahead, UTC has assured its investors of a seamless transition and continued access to innovative, growth-oriented investment solutions.