The Trinidad and Tobago Stock Exchange (TTSE) is the largest and among the most important stock markets in the Caribbean. However, it was out-performed by the Jamaica Stock Exchange (JSE), whose impressive headline growth since 2015 has led some in T&T to draw lessons from the smaller but more dynamic bourse. “We should look to the expansion in Jamaica’s capital markets as...
The use of sophisticated algorithms in wealth management is leading to improved efficiency and transparency in the financial services sector, benefitting both providers and clients. In particular, so-called robo-advisers are disrupting the industry and helping to boost financial inclusion. Primarily concentrated in developed markets such as the US and the UK, the technology is...
While Trinidad and Tobago’s primary bond market has seen 59 issuances since 2013, fewer than 15% were private corporate issuances. The government, either directly or through state-owned enterprises, has maintained a dominating presence in the debt market, which it taps to borrow the funds needed for infrastructure development projects and recurrent expenditures such as salary...
Wealth management divisions have become an integral part of business models for the majority of commercial banks and non-bank financial institutions in Trinidad and Tobago. Initially created to cater to the needs of institutional investors – particularly those of employee benefit plans – wealth management services have now expanded to include high-networth individuals. T&T...
The decade closed with an uptick in activity in Trinidad and Tobago’s capital markets, largely due to increases in initial public offerings (IPOs), a series of mergers and acquisitions (M&As), and a number of bonds issued in the latter half of 2018 and into 2019. Even so, activity in the financial markets remains muted, a pattern seen across many bourses in the Caribbean....
Despite being a commodity-based economy – indeed, 36.1% of Trinidad and Tobago’s GDP is from the energy sector – local capital market investors have traditionally shied away from commodities investing. The asset class worldwide has underperformed compared to traditional investment vehicles such as stocks and bonds. The Bloomberg Commodities Index had an average annualised...
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