December 2024 Unit Trust Update – UAP Old Mutual Umbrella Trust Fund Performance and Strategy

The UAP Old Mutual Umbrella Trust Fund closed 2024 on a high note with a monthly return of 11.85 percent, continuing its strong track record of consistent, low-risk performance. With inflation remaining low and yields staying elevated, the fund once again beat its benchmark and delivered solid income for conservative investors across Uganda.

Fund Overview

Managed by UAP Old Mutual Investment Group – Uganda, the Umbrella Trust Fund offers monthly income and capital preservation for investors with medium to long-term financial goals.

Key highlights for December 2024:

Fund Size: UGX 2.391 trillion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (two business days)
Risk Profile: Low
December Yield: 11.85 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

This fund is suitable for savers, retirees, and anyone looking to earn predictable monthly returns while avoiding market volatility.

Performance Summary

The fund maintained a strong lead over its benchmark across all major timeframes.

Period	Return (%)	Benchmark (%)
December 2024	11.85	9.40
Quarter to Date	11.77	9.22
Year to Date	11.77	8.86
Since Inception	11.87	8.49

These results underscore the fund’s consistent delivery of stable, inflation-beating returns for over a decade.

What the Fund Invests In

The Umbrella Trust Fund is structured around a diversified portfolio of income-generating assets, carefully selected for safety and performance.

Asset allocation as of December 2024:

Treasury Bonds: 33.98 percent
Treasury Bills: 29.89 percent
Corporate Paper: 26.20 percent
Fixed Deposits: 5.14 percent
Cash and Call: 4.70 percent

This conservative structure helps protect your capital while generating steady income, month after month.

Why This Fund Matters for Ugandan Investors

In December 2024, the Uganda shilling remained relatively stable, closing the quarter 0.67 percent stronger at UGX 3,670.27. Interest rates rose across the yield curve, with the 91-day bill closing at 10.744 percent, the 182-day at 13.116 percent, and the 364-day at 14.944 percent. Inflation also remained contained at 3.3 percent, providing a strong backdrop for fixed-income investors.

The Umbrella Trust Fund’s 11.85 percent return provides:

Real income above inflation
Low volatility and capital protection
A buffer against currency and economic uncertainty

It’s ideal for:

Professionals growing their savings
Parents saving for tuition
Retirees earning monthly income
Anyone seeking more than what traditional savings accounts offer

How to Invest with Level Africa

Investing in the UAP Old Mutual Umbrella Trust Fund through Level Africa is easy. Follow these steps:

Create an account at Level Africa
Upload your National ID or Passport for verification
Navigate to the Unit Trusts section
Select the Umbrella Trust Fund
Deposit funds into your wallet
Place your investment order
Track your returns from your dashboard

Start investing with as little as UGX 100,000.

Final Thoughts

As 2024 ends, the UAP Old Mutual Umbrella Trust Fund remains one of Uganda’s most consistent low-risk investments. With competitive returns, strong regulation, and easy access, it’s an ideal tool for building wealth safely over time.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a collective investment where many people pool their money into a professionally managed fund that invests in secure, income-generating assets like treasury bills and bonds.

How do unit trusts work in Uganda?

You buy units in the fund, and the value of your units increases as the fund earns returns. You can redeem your investment at any time and access your money within two business days.

How much do I need to get started?

You can invest with a minimum of UGX 100,000 and continue topping up with the same amount or more.

Is this fund safe?

Yes. The Umbrella Trust Fund is regulated by the Capital Markets Authority and classified as low risk. It invests primarily in high-quality government and corporate debt instruments.

Can I lose money in a unit trust?

While all investments carry some risk, this fund is designed for capital preservation and has a strong track record of stability and performance.

Why is this better than a regular savings account?

You earn higher returns, enjoy inflation protection, and benefit from professional fund management, while still having access to your money when needed.

How do I invest using Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Choose the Umbrella Trust Fund
Place your order
Monitor your returns anytime