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
A33
Collective Investment Schemes – Registered overseas as
subsidiary open ended investment companies
The equity price risk exposure of the fund portfolios in the
overseas subsidiary companies is also monitored and measured via
categorization of the stocks by their historical price sensitivity to the
overall market. The categorization of the portfolios’equity holdings
is provided 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
UTC Energy Fund
1,661
18,077
10,008
5.6% 60.8% 33.6%
UTC European Fund
1,502
3,896
115
27.2% 70.7% 2.1%
UTC Asia Pacific Fund
2,735
8,138
98
24.9% 74.2% 0.9%
UTC Latin American Fund 863
4,587
1,320
12.7% 67.8% 19.5%
UTC North American Fund 67,582
50,533
15,241
50.7% 37.9% 11.4%
29) FINANCIAL RISK MANAGEMENT
(continued)
Equity price risk
(continued)
At 31 December, 2011
Lower
than
market
Comparable
to
market
Higher
than
market
$’000
$’000
$’000
UTC Energy Fund
663
6,178
18,291
2.6% 24.6% 72.8%
UTC European Fund
1,383
692
3,207
26.2% 13.1% 60.7%
UTC Asia Pacific Fund
8,091
1,432
1,336
74.5% 13.2% 12.3%
UTC Latin American Fund 839
2,992
2,812
12.6% 45.1% 42.3%
UTC North American Fund 97,711
30,207
16,919
67.2% 21.0% 11.8%
Unit Trust Corporation
Annual Report 2012
