The recent dividend distribution by the Unit Trust of Fiji is proving to be a significant relief for families facing the challenges posed by the rising cost of living. Chair Lavinia Kaumaitotoya emphasized that the ongoing increase in daily expenses makes any supplementary funds a much-needed financial cushion for households.
Kaumaitotoya noted that many of the Unit Trust’s investors are everyday parents who now have the flexibility to either reinvest their dividends or withdraw the cash to help cover their regular expenses. As a unit holder herself, she expressed satisfaction with the payout, particularly highlighting the enthusiasm among students and families who are beginning to see returns on their investments.
“My daughter, who is studying in Hawaii, is thrilled about receiving returns as a student,” she shared, conveying a personal connection to the positive impact of the dividends.
Additionally, Kaumaitotoya introduced the Employee Investment Scheme, which enables workers to invest small amounts from their paychecks and receive dividends every six months. This initiative makes investing more accessible to ordinary individuals.
She pointed out that the returns from the Unit Trust significantly exceed the current term deposit rates, which hover below one percent. This indicates a robust opportunity for investors to grow their savings more effectively.
Unit Trust of Fiji’s CEO Vilash Chand elaborated on the organization’s steady dividend growth, attributing it to a disciplined and diversified investment strategy. He highlighted that the fund’s continued investment in growth and high-yield stocks is a key factor behind the consistent increase in dividends over the years, putting the fund in a strong position for future performance.
Overall, the support provided by the Unit Trust of Fiji not only helps families enhance their financial stability but also encourages more citizens to engage in investment practices that could benefit them long term.