January 2025 Unit Trust Update – UAP Old Mutual Money Market Fund Performance and Strategy

The UAP Old Mutual Money Market Fund started the year with a monthly return of 10.73 percent, offering investors a safe haven in a month of rising inflation and interest rate uncertainty. With currency stability and continued demand for secure, short-term income, this fund proved once again why it’s one of Uganda’s top low-volatility investment options.

Fund Overview

Managed by UAP Old Mutual Investment Group – Uganda, the Money Market Fund offers daily liquidity and capital preservation, making it an attractive option for short-term investors.

Key features as of January 2025:

Fund Size: UGX 10.315 billion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (two business days)
Risk Profile: Medium
January Yield: 10.73 percent
Benchmark: 91-day Treasury Bill (closed at 10.40 percent)
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

Performance Summary

The fund maintained a competitive edge against its benchmark across all timeframes.

Period	Return (%)	Benchmark (%)
January 2025	10.73	10.40
Quarter to Date	10.96	10.57
Year to Date	11.24	10.40
Since Inception	11.08	9.97

The fund’s long-term performance confirms its role as a reliable and accessible fixed-income investment.

What the Fund Invests In

The fund is structured to earn income from high-quality, short-term instruments with limited price volatility.

Asset allocation as of January 2025:

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

Maturity profile:

79.79% matures in under 3 months
11.22% matures in 3–6 months
4.06% in 6–9 months
5.14% in 9–12 months

This structure ensures the fund remains highly liquid while capitalizing on short-term yield shifts.

Why This Fund Matters for Ugandan Investors

In January 2025, the Uganda shilling appreciated by 0.41 percent, reaching UGX 3,685.36. The currency was supported by strong arabica coffee export receipts and muted corporate demand.

At the same time, inflation rose to 3.6 percent, driven by food and passenger service costs. Interest rates showed mixed movement:

91-day T-bill: fell to 10.404 percent
182-day: rose to 13.947 percent
364-day: rose to 15.347 percent
20-year bond: hit 17.615 percent

With a return of 10.73 percent, the Money Market Fund helped investors:

Beat short-term inflation
Preserve capital in uncertain times
Access cash within two business days
Avoid the volatility of long-dated bonds

It’s a smart fit for:

Businesses managing operational cash
Emergency savers
Investors waiting for a long-term opportunity
Anyone tired of low returns from bank deposits

How to Invest with Level Africa

You can start investing in minutes by following these steps:

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

Final Thoughts

With interest rates rising and inflation picking up, the UAP Old Mutual Money Market Fund is a practical choice for those who need income, safety, and liquidity. Its performance in January reaffirms its role as a top-tier fixed-income option in Uganda.

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Frequently Asked Questions

What is a money market fund?

It’s a short-term investment fund that puts money into safe, interest-earning assets like Treasury bills, corporate paper, and fixed deposits.

How quickly can I access my money?

You can withdraw your funds within two business days (T+2).

Who is this fund for?

Savers, businesses, and investors seeking low-risk, short-term returns while keeping their funds accessible.

What’s the minimum investment?

You can get started with UGX 100,000, with optional top-ups from the same amount.

Is the fund safe?

Yes. It’s regulated by the Capital Markets Authority and invests in secure, fixed-income assets.

How does it compare to bank savings or SACCOs?

It typically offers better returns, daily valuation, and easier access without the lock-in conditions of SACCOs or fixed deposits.

How do I invest through Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Choose the UAP Old Mutual Money Market Fund
Place your order
Track your earnings from your dashboard