About Us
What is the FHUT?
The FHUT is an investment vehicle that allows your money to be pooled with other unit holders’ money. This is then invested by FHL FML the fund manager for FHUT in investments that will enable your money to grow in value and earn income.
In return, you are issued with units and thus, become a unit holder with the FHUT. As a unit holder, you are entitled to receive returns on your investments in 2 main ways:
- Through dividends that you will earn every four months based on the number of units that you own (This is also known as ‘distribution return’); and
- Through possible ‘capital growth’ or the growth in the price of your units held in the FHUT over time.
Background
The Fijian Holdings Unit Trust (hereinafter referred to as ‘FHUT’ or ‘the trust’) was first launched on 27th April 2001, designed to provide investors with an affordable, high quality investment product that offers competitive returns. The FHUT investment product is open to all Fiji residents and non-resident investors.
Operating Highlights
Since inception, FHUT has during the last 14 years exceeded the initial expectations and internal benchmarks that were set at the beginning. As at 30th June 2015, the FHUT portfolio size was $77.04 million with unit holders totaling 6448.
The following are some key changes in our operations;
- The reduction in the minimum initial entry to join FHUT and the dividend entitlement from 100 units to 50 units. This decision to reduce the minimum entry was to make it more accessible to all individuals. This will allow individuals to be able to start an investment and assist them in growing the same over time.
- The reduction in Entry fees from 4.00% to 3.50% to allow unit holders to easily access the fund. Since inception of the fund, the entry fees was 5.00% which was later reduced to 4.00% in 2012. after a detailed assessment, the Manager decided to further reduce the entry fees.
- The reduction in the Management fees from 1.75% to 1.65%. according to the FHUT Trust Deed, the Manager is entitled to charge 5.00% of the FHUT portfolio
- The dividend will be -distributed three times a year on the 21st November, March and July. The FHUT dividend register will close at the end of October, February and June.
- The Trustees fees is xed at $38,000 VIP until the portfolio reaches $100 million VIP or 0.05% of the total value of Trust property when it exceeds $100 million.
Investment objective
The investment objective of FHUT is to provide you, the unit-holder, with income (dividends) every four months as well as capital gains on your investments which will only occur if you invest over the medium to long term i.e. 5 years and more.
This type of investment is suitable if you want the value of your funds to grow over the medium to long term and accept that the returns, although not guaranteed, may fluctuate over the short to medium term.