What is the population of Trinidad and Tobago? How many people have active investment accounts?
The population of Trinidad and Tobago is about 1.3 million, and less than 5% of the people are direct participants in the market. However, a fair number of people have indirect participation through the Trinidad and Tobago Unit Trust Corperation, our version of a mutual fund. Since establishment, it has had tremendous success in terms of attracting accounts. Through a number of fiscal incentives, the fund garnered more than 400,000 accounts. They managed to attract almost every household through fiscal incentives. In the last years, however, I dont think that they have attracted many new accounts, because the market has been volatile and the returns have been somewhat flat. Q: What is the size of the market in terms of capitalization? Also, how many of the 30 stocks trade every day? A: The market capitalization has grown significantly. The total capitalization today, including the cross-listed stocks, is about US$16 billion. The local market is about US$10 to US$11 billion, and the cro
