Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A32
below both in dollar terms and as a percentage of total equity
holdings in the relevant Fund:
At 31 December, 2012
Lower than
market
Comparable
to market
Higher than
market
$’000
$’000
$’000
Growth and
Income Fund
1,322,528
826,752
306,320
53.8%
33.7%
12.5%
Universal
Retirement Fund
74,295
42,202
28,579
51.2%
29.1%
19.7%
At 31 December, 2011
Lower than
market
Comparable
to market
Higher than
market
$’000
$’000
$’000
Growth and
Income Fund
1,181,108
686,758
404,223
52.0%
30.2%
17.8%
Universal
Retirement Fund
65,002
12,998
36,605
56.7%
11.3%
32.0%
29) FINANCIAL RISK MANAGEMENT
(continued)
Equity price risk
(continued)
The following table presents the approximate sensitivity of the
net asset value of the Growth & Income Fund and the Universal
Retirement Fund to a 5% change in the TTSE Composite Index and
the S&P 500 Composite Index respectively as at 31 December, 2012
and 31 December, 2011 with all other variables held constant. The
sensitivity is provided in dollar amounts and as a percentage of net
asset value:
TTSE Composite
Index
31 December, 2012 31 December, 2011
Growth and
Income Fund
$72.2 million (2.0%)
$67.2 million (2.0%)
Universal
Retirement Fund $3.9 million (1.9%)
$3.4 million (1.7%)
S&P 500 Composite
Index
31 December, 2012 31 December, 2011
Growth and
Income Fund
$35.3 million (1.0%)
$30.2 million (0.9%)
Universal
Retirement Fund $1.8 million (0.9%)
$0.8 million (0.4%)
Unit Trust Corporation
Annual Report 2012
