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

In April 2025, the UAP Old Mutual Money Market Fund continued to offer strong and stable returns for short-term investors in Uganda. With a monthly return of 10.77 percent, the fund remained a trusted tool for capital preservation and liquidity—especially in a market affected by election-related uncertainty and rising yields.

Fund Overview

The Money Market Fund, managed by UAP Old Mutual Investment Group – Uganda, is built for safety, income, and quick access to funds.

Key details for April 2025:

Fund Size: UGX 11.773 billion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (two business days)
Risk Profile: Medium
April 2025 Yield: 10.77 percent
Benchmark: 91-day Treasury Bill (closed at 10.625 percent)
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

Performance Summary

The fund stayed ahead of its benchmark over longer timeframes.

Period	Return (%)	Benchmark (%)
April 2025	10.77	10.63
Quarter to Date	10.95	10.44
Year to Date	11.12	10.16
Since Inception	11.08	9.98

This consistent performance shows the value of professional management and disciplined short-term investing.

What the Fund Invests In

The fund focuses on high-quality, interest-earning assets with short maturities to maintain safety and liquidity.

Asset allocation:

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:

68.67% matures in under 3 months
15.62% matures in 3 to 6 months
10.22% matures in 6 to 9 months
5.49% matures beyond 9 months

This structure provides investors with income, safety, and near-instant access.

Why This Fund Matters for Ugandan Investors

In April, the Uganda shilling was stable, depreciating just 0.08 percent, closing at UGX 3,665.64. The local market was affected by rising election uncertainty and increased fiscal pressure. Yields remained elevated:

91-day T-bill: 10.625 percent
182-day: 12.428 percent
364-day: 15.016 percent

Inflation edged up to 3.5 percent, mainly due to rising service prices. Despite this, the fund delivered an April return of 10.77 percent, making it a strong pick for:

Salary earners saving short-term
Businesses optimizing idle cash
Anyone needing higher interest than a regular savings account
Emergency fund builders

How to Invest with Level Africa

You can begin investing in just a few minutes. Here’s how:

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

Final Thoughts

The UAP Old Mutual Money Market Fund delivered another month of reliable, short-term income with minimal risk. If you’re looking to beat inflation and earn steady returns while keeping your money accessible, this fund offers a simple and effective solution.

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Frequently Asked Questions

What is a money market fund?

It’s a type of investment that focuses on low-risk, short-term instruments like Treasury bills, fixed deposits, and corporate notes to deliver steady income and preserve capital.

How fast can I access my money?

Withdrawals are processed within two business days (T+2), making this fund highly liquid.

Who should invest in this fund?

It’s ideal for individuals and businesses seeking safe, short-term returns that beat bank savings accounts.

How much do I need to start?

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

Is the Money Market Fund safe?

Yes. It’s regulated by the Capital Markets Authority and follows a conservative investment strategy focused on secure, interest-bearing assets.

How do I invest with Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Choose the UAP Old Mutual Money Market Fund
Place your investment
Track your returns online