The Unit Trust of Fiji (UTOF) has crossed the $600million mark in total funds under its management, registering a significant milestone in its journey of growth and impact.
UTOF board chairperson Lavinia Kaumaitotoya made this revelation yesterday on the margin of UTOF’s final dividend declaration and distribution at their Ellery Street head office in Suva yesterday.
While UTOF is expected to release further details following the completion of its year-end audit in March this year, it indicated achieving the target set last year.
UTOF chief executive officer Vilash Chand said they expected a similar growth for the 2026 financial year.
“We expect to continuously diversify our portfolio and provide the much needed return our unit holders deserve, considering the challenging market we have,” Mr Chand said.
“But we have some interesting times ahead for this year.”
As of December 2024, UTOF had recorded $521m in funds under management.
Meanwhile, UTOF yesterday announced paying out a total of $8,349,667.68 in dividends for its 108,000 unit holders. Ms Kaumaitotoya said the declaration reflected UTOF’s continued commitment to delivering sustainable returns and creating long-term value for its investors despite “a very challenging and evolving economic landscape”.
She announced a 2025 final dividend rate of 3.95 cents per unit and total dividend payout of $7,791,329 for its Income and Growth Fund (IGF); and 2025 annualised dividend rate (ADFR) of 3.00 per cent and total dividend payout of $558,338 for its Income Fund. In 2024, the income and Growth Fund recorded a dividend rate of 3.85 cents per unit and 3.00 per cent ADR. Also compared to 2024, UTOF had registered 104,000 account holders, and in the span of 12 months recorded an additional 4000 new account holders.
“The year 2025 was marked by moderate economic growth, rising interest rates, and global market volatility. Through prudent portfolio management and diversification, the Unit Trust of Fiji maintained strong performance across its funds, reinforcing investor confidence and supporting Fiji’s broader financial ecosystem,” Ms Kaumaitotoya said.
