Unit Trust of Fiji has received more than $14 million in investments from the Vanuatu National Provident Fund, Samoa National Provident Fund and Unit Trust of Samoa.
This was revealed by Unit Trust of Fiji Chairperson Shaenaz Voss today at the signing of the Memorandum of Understanding between the Unit Trust of Fiji and the Samoa National Provident Fund.
Unit Trust of Fiji had earlier signed an MOU with Unit Trust of Samoa and to date they have collectively invested a total of $8.025 million dollars with Unit Trust of Fiji.
Voss says they have also executed an agreement with Vanuatu National Provident Fund and a new unit trust called YUMI Trust Fund will open its services in January 2019.
Unit Trust of Fiji CEO Vilash Chand has highlighted that their investment portfolio has grown at the average rate of 20% per annum.
Chand stated that from 2010, it has grown from $70 million to $225 million which is a growth rate of 220%.
He says with the signing of the MOU they have achieved a milestone as they have been looking to expand into the region which is also good news for all investors.
Chand added that discussions were also ongoing to venture into Tonga and East Timor.
Unit Trust of Fiji’s subsidiary company South Sea Towage Limited also officially launched 3 new Tugs today.
