January 2025 Unit Trusts in Uganda Update – Sanlam Dollar Fund Performance and Strategy

If you earn, save, or plan to spend in USD, the Sanlam Dollar Fund offers a reliable, low-risk way to grow your money. In January 2025, the fund delivered a 6.19% annualized yield, taking advantage of stable interest rates and increased appetite for safe assets.

Fund Overview

The fund is ideal for investors looking for:

• Capital protection

• Monthly USD income

• Liquidity and flexibility

It is denominated in US dollars and invests in secure, short- to medium-term foreign currency instruments.

Key highlights for January 2025:

• Annualized Yield: 6.19%

• Minimum Investment: USD 1,000

• Fund Size (AUM): USD 2.4 million

• Risk Profile: Conservative

• Income Distribution: Monthly

• Liquidity: Daily valuation, T+2 withdrawal

• Benchmark: 3-Month SOFRA

• Management Fee: 1.5%

• Fund Manager: Sanlam Investments East Africa

• Launch Date: October 2024

What the Fund Invests In

In January, the fund focused on a mix of Eurobonds and USD bank deposits, ensuring a blend of stability, liquidity, and yield.

January 2025 Market Commentary

Inflation

US inflation was reported at 2.9%, consistent with the December 2024 figure. The decline in oil prices helped reduce energy-driven inflation.

Currency

The US dollar strengthened against major currencies, with the Dollar Index (DXY) rising from 102.23 to 104.04 in January.

Interest Rates

Short-term USD rates remained stable, and the Fed maintained its target rate range of 4.25% – 4.50%. The fund benefited from relatively high deposit and bond yields during this period.

Fund Strategy

The Sanlam Dollar Fund maintained a conservative allocation, focusing on short-duration, high-quality fixed-income assets. With strong dollar demand and steady rates, the fund achieved both safety and return.

Why This Fund Matters for Ugandan Investors

This fund suits a wide range of people including:

• Freelancers, exporters, and consultants paid in USD

• Diaspora investors sending money back home

• Parents planning for USD-denominated education or healthcare

• Investors seeking a hedge against UGX volatility

Benefits include:

• Monthly USD income

• Capital preservation

• Access to professionally managed global markets

• T+2 liquidity for flexibility

How to Invest in the Sanlam Dollar Fund via Level Africa

You can get started in minutes:

1. Create an account at Level Africa

2. Upload your National ID or Passport

3. Navigate to the Unit Trusts section

4. Select Sanlam Dollar Fund

5. Deposit USD via mobile money, card, or bank transfer

6. Place your investment order

7. Monitor your returns and income through your dashboard

Final Thoughts

With a 6.19% return in January 2025, the Sanlam Dollar Fund continues to prove its value as a reliable, low-risk investment for Ugandans with USD income or goals. It provides an easy way to grow your dollar savings while preserving capital and accessing global markets.

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Frequently Asked Questions

What is the Sanlam Dollar Fund?

A USD-denominated unit trust that invests in low-risk instruments like Eurobonds and bank deposits, offering monthly income and capital preservation.

What was the return in January 2025?

The fund delivered a 6.19% annualized return.

Who is it ideal for?

Anyone earning, saving, or spending in USD — such as freelancers, diaspora families, exporters, and tuition planners.

Can I withdraw anytime?

Yes. The fund offers daily valuation and T+2 liquidity, meaning you can access your money within two working days.

Is this fund regulated in Uganda?

Yes. The fund operates under the Sanlam Umbrella Trust Scheme, licensed by the Capital Markets Authority of Uganda.