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The Trustee is a corporate body independent
of the Managers, governed by the Trust Deed
and the Superintendent of Unit Trusts. The
Trustee's duties include acting as a custodian
of the investments, cash and income of the
Fund.
First Caribbean International Securities Ltd.
is the Trustee for Barita's Money Market
and Capital Growth Funds.
Assets in the Money Market and Capital
Growth Funds are held by an independent
Trustee - First Caribbean International Securities Ltd.
, as prescribed by the Trust Deed.
Under the Trust Deed, the investments and
cash must be registered in the name of and
held by a Trustee on behalf of the unit
holders. The Trustee is bound by Trust Deeds
to keep the investments and cash as directed
by the Trust Deeds. This means that your
funds are 100% secured and segregated from
Barita as well as First Caribbean.
A Trust Deed is the legal document under
which Funds are formed and registered, and
has to be approved by the Financial Services
Commission before the public can be invited
to participate.
The Trust Deed is the instrument that binds
the Managers (Barita Unit Trust Management
Co. Ltd.) to manage and promote the Funds,
and the Trustees (First Caribbean
International Securities Ltd.) to be the custodian
and guardian of the Funds, and outlines
the obligations of each party.
The Trust Deed is a matter of public record,
and is available from the Managers of Barita
Unit Trusts as well as the Financial Services
Commission's Office.
The Offering Circulars for the Funds also
contains most of the contents of the Trust
Deed, and are provided free of cost to investors.
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