The National Insurance Board of Trinidad and Tobago (NIBTT) is continuously working to achieve the highest available returns within our investment policy for the benefit of our customers. Income earned from our investments together with contribution income are used to provide coverage for our insured population.
As at 30th June 2016, the NIBTT's Investment Portfolio stood at $24.33 billion. The equity portfolio accounts for the largest asset class of the total fund and currently stands at $11.43 billion. The Mutual Fund portfolio increased by $69 million over the financial year, an increase of 7.18%. Furthermore, NIBTT played a significant role in the development of the local capital market with the participation of TT$50 million in UTC's Macro Index Fund IPO.
The NIBTT has once again maintained its prudent and non-speculative approach to investment during FY2016. Equities accounted for the largest share of 46.97% of the investment portfolio based on market values at the end of FY2016. This was followed by Fixed Income, Cash and Cash Equivalents.