A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to produce capital gains or income for the fund’s investors. A mutual fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus.

Mutual Funds give small or individual investors access to a wide range of securities in professionally managed portfolios. Each shareholder, therefore, participates proportionally in the gains or losses of the fund.

We currently offer 2 types of Mutual Funds; the TT$ Income Fund and US$ Income Fund. Both funds seek to generate investment returns which are superior to other Mutual Funds domiciled in Trinidad and Tobago. Our funds are designed to manage risks, liquidity and returns by investing primarily in a diversified portfolio of debt securities, equities, instruments and contracts which are backed mainly by marketable securities.

Diversification – this is a primary goal for many investors because it lowers the risks associated with poor performance of a single investment. The advantage of a mutual fund is it diversifies every dollar invested. Your funds are pooled with all the other investors which allows the fund to invest in hundreds of different investments. Each dollar you invest is then proportionately allocated in each security.

Access to Professional Management – mutual funds offer investors access to the active strategies and benefits of a professional money manager who makes decisions on security selections (buy/sell) for the fund. The fund manager continuously monitors and adjusts the portfolio to achieve the stated objective. So investors get professional expertise at a significantly lower cost than hiring an individual financial advisor.

Sharing of investment Expenses – mutual fund investors reduce their investing expenses by pooling their assets. The expenses of the fund is shared proportionately based on the size of the investment. It spares the investor the numerous charges needed to create a diverse portfolio and the ultimate reduction in the overall portfolio size.

There is moderate risk involved.

Mutual funds invest in a vast number of securities, and performance is usually tracked as the change in the total market cap of the fund—derived by the aggregating performance of the underlying investments. While the previous years’ performance is a good indicator of the quality of the fund’s management, it is not a guarantee of future returns. Investors should perform sufficient research before making an investment decision.

You are required to select one (1) of the following options:

1. Reinvest the dividends
2. Credit to my bank account

No, there are no entry or exit fees. However, there is a small Management Fee.

Unfortunately, no. If you would like to invest in the US$ Income Fund, we would not be able to accept the TT$ equivalent to open the account. You would need to open the account with US$; the minimum required is US$3,000.

You will need to complete the Mutual Funds Transaction Form to purchase additional units and deposit the funds via cheque (payable to ANSA Wealth Management Limited) or via ACH.

Yes, for the TT$ Income Fund, you can deposit an additional TT$5,000 or more and for the US$ Income Fund, you can deposit an additional US$500 or more.

You can submit a request for withdrawal (redemption) by completing the Mutual Funds Transaction Form and sending it via email to [email protected].

Yes, you can make a withdrawal from your Mutual Fund account, however, you will need to maintain the minimum balance required on the account if you would like to keep it active.

ACH or cheque payments will be processed within three (3) to five (5) working days.

We will require the original stale dated cheque and valid form of ID.

In order to make your Mutual Funds account a joint account instead, we will require the following documents from the additional account holder: completed Know Your Customer (KYC) form, two valid forms of I.D., Job Letter/Payslip, Recent Utility Bill.

The primary accountholder will need to provide a letter of authorisation and a valid form of ID.

We will require you to provide the original death certificate; ID of the deceased. We may also require legal documents depending on the nature of the transaction.

We will require you to complete the ACH Transfer request form requiring all bank details.