Unit Trust Funds

Foremost Income Fund Reports First Quarter Results, Asset Acquisition, Trust ...

CALGARY, ALBERTA--(Marketwire - June 15, 2011) - Foremost Income Fund announces the financial results for the three months ended March 31, 2011.

Condensed Consolidated Interim Statements of Comprehensive Income Unaudited Three months ended March 31, (000's), except per Trust Unit amounts 2011 2010 ---------------------------------------------------------------------------- Revenue $ 56,398 $ 42,884 Cost of sales 46,080 34,500 ---------------------------------------------------------------------------- Gross margin 10,318 8,384 Administrative expenses 4,632 4,059 Depreciation and amortization 937 1,000 ---------------------------------------------------------------------------- Income from operations 4,749 3,325 Other expenses and (income) Interest expense (income) 12 (20) Foreign exchange loss 13 157 Other expense (income) 7 (1) ---------------------------------------------------------------------------- Income before tax 4,717 3,189 Deferred income tax reduction - - ---------------------------------------------------------------------------- Net income and comprehensive income $ 4,717 $ 3,189 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Basic and diluted earnings per Trust Unit $ 0.23 $ 0.15

The March 31, 2011 financial statements are the Fund's first condensed consolidated interim financial statements prepared in accordance with IFRSs and IFRS 1 First-time Adoption of International Financial Reporting Standards has been applied. The effects of the business conditions and operational responses by the Fund are found by comparing the 2011 and 2010 adjusted statements of income. The cumulative results of the steps undertaken by the Fund are found by comparing the March 31, 2011 and December 31, 2010 statements of financial position.

What is Unit Investment Trust Fund or UITF?

Many people are asking me, where can I invest my extra money to grow more? They really want to invest some of their saved money but they didn’t know where and how to put it to grow more due to lack of knowledge about various investment instrument schemes available today. As a result, they fall to scams and fraud because of the lure and promises of high returns in the shortest time possible. Looking and knowing of Filipino mindset, we want quick cash, instant millionaire or win and hit the Lotto jackpot.

In reality, there are many legitimate investment instrument that individual can park their money without falling and become a victim of scams. I don’t know why there’s little information campaign about these investment schemes. But I believe that if many Filipino know these investments, it will greatly help to improved our economy. The more investments, the better the economy will be. One good investment instrument option you can used and park your money to grow is by investing in Unit Investment Trust Funds (UITF) offered by our local banks.

What is Unit Investment Trust Funds (UITF)?

Do you know that your banks offer this? Unit Investment Trust Fund or UITF is an open-ended pooled trust fund from individual investors. UITF is managed by a professional fund managers who invest the fund in various investment schemes like government securities, bonds, stocks or commodities depending on your risk appetite. Are you a risk taker or risk averse person? Try to consider these “the greater the risk, the greater the return” in determining your risk appetite. Read this Insurance funds for stock and bonds proposed for more information.

Is there a Guaranteed Returns in Investing in UITF?

No. Any investment instrument cannot guarantees a positive return because of many risk factors involved. You should read and understand first the risk disclosure agreement of the UITF before venturing and making any investment.

Unit Trust Investment: Funds performance

The Prudential Inflation Plus Fund has been added to the 3 x 2 portfolio of funds. (Return of 13.55% for the past year)

Unit Trust Funds DO provide better returns than ASB in the long run

Annual Report on Exchange Arrangements and Exchange Restrictions 2008

The guidelines on unit trust funds issued by the SC allow unit trust schemes to invest in foreign securities traded in or under the rules of a foreign ...

Kenya Gazette

Suntra Equity Fund iii. Suntra Balanced Fund 8. ICEA Unit Trust. i. ... Dyer and Blair Equity Fund U.CFC Unit Trust Fund Approved Employee Share Ownership ...

Managing collective investment funds

Beneficiary of trust (or unitholder) Trust formed by deed Management company Investor money units manages services Trustee Figure 3.2 Unit trust fund ...

Investor's guide to Malaysian unit trust$

You may just as well find a unit trust fund that meets your needs. Fund classification or type can sometimes to be determined through the fund name. ln most ...

Annual report on exchange arrangements and exchange restrictions

These entities may also invest up to 30% of net asset value of investment-linked funds. The guidelines on unit trust funds issued by the SC in 1997 and ...