The Unit Trust of Fiji (UTOF) has achieved a remarkable milestone by surpassing the $600 million mark in total funds under its management. This significant achievement was announced by UTOF board chairperson Lavinia Kaumaitotoya during the final dividend declaration and distribution event held at their head office in Suva.
Looking ahead, while UTOF is set to provide more detailed information following its year-end audit in March, the organization expressed satisfaction in meeting the targets set for the previous year. UTOF’s chief executive officer, Vilash Chand, indicated that they anticipate similar growth in the 2026 financial year as they continue to diversify their investment portfolio to deliver the returns that unit holders expect, especially in the current challenging market.
As of December 2024, UTOF managed $521 million in funds. In a show of commitment to its investors, UTOF declared a total dividend payout of $8,349,667.68 for its 108,000 unit holders. Kaumaitotoya emphasized that this declaration signifies UTOF’s dedication to providing sustainable returns and generating long-term value for its investors, even amid a demanding economic environment.
For the 2025 financial year, UTOF announced a final dividend rate of 3.95 cents per unit for the Income and Growth Fund, totaling $7,791,329. Additionally, the Income Fund will see an annualized dividend rate of 3.00 percent with a payout of $558,338. This continues a positive trend from 2024, when the Income and Growth Fund had a dividend rate of 3.85 cents per unit, sustaining investor confidence.
Kaumaitotoya noted that the year 2025 was characterized by moderate economic growth, rising interest rates, and global market instability. However, UTOF’s prudent portfolio management and diversification strategies have enabled the organization to maintain strong performance across its funds, further solidifying investor trust and affirming its role in Fiji’s financial landscape. The addition of 4,000 new account holders over the past year also reflects growing interest in their offerings, suggesting a promising outlook for UTOF and its stakeholders.
Leave a comment