June 2025 Unit Trusts in Uganda Update – UAP Old Mutual Money Market Fund Performance and Strategy

The UAP Old Mutual Money Market Fund delivered a strong 12.01% yield in June 2025, continuing its run as one of the most reliable low-risk investment options in Uganda. With inflation inching upward and the shilling showing resilience, this fund remains a safe haven for investors who want to grow savings while preserving capital.

Fund Overview

The Money Market Fund is a unit trust designed for short-term investors seeking steady income, liquidity, and low risk. It invests in high-quality, interest-bearing securities with a maturity of less than 36 months.

Key facts for June 2025:

Monthly Yield: 12.01%
Fund Size: UGX 13.085 billion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2
Initial Fee: 0%
Management Fee: 2%
Benchmark: 91-day Uganda Treasury Bill
Risk Profile: Medium
Launch Date: 20 August 2013
Fund Manager: UAP Old Mutual Investment Group – Uganda

Performance Summary

The fund outperformed its benchmark across all periods:

Period	Fund Return (%)	Benchmark (%)
June 2025 (Monthly)	12.01	11.31
Quarter-to-Date	11.24	10.99
Year-to-Date	11.17	10.45
Since Inception	11.08	10.00

What the Fund Invests In

This fund builds its strength from its diversification across reliable asset classes:

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

It holds a short average maturity profile, with:

52.02% of assets maturing in 0–3 months
15.15% in 3–6 months
9.38% in 6–9 months
4.97% in 9–12 months
17.77% beyond 12 months

June 2025 Market Commentary

Currency: The Uganda shilling appreciated by 1%, closing at UGX 3,594.41/USD. Strong remittances and global dollar weakness supported this gain.
Inflation: Headline inflation edged up slightly to 3.9%, driven by energy and outpatient services costs.
Interest Rates: Mixed trends were observed. The 91-day Treasury bill yield dropped to 11.31%, while the long-term bond yields declined across the curve due to end-of-year rebalancing.
Outlook: Yields are expected to remain high but slightly lower than Q2, as fiscal spending and funding needs increase ahead of elections.

Why This Fund Matters for Ugandan Investors

This fund is particularly useful for:

Individuals saving toward short-term goals like rent, tuition, or emergencies
SMEs managing seasonal or idle cash
Professionals looking for better-than-bank returns without locking up funds
Conservative investors avoiding riskier assets

Its 12.01% return in June provided:

Inflation-beating performance
Daily pricing and quick access
Better returns than typical savings or fixed deposits
Safe income with lower volatility than equities

How to Invest in the UAP Old Mutual Money Market Fund via Level Africa

You can get started from anywhere in just a few steps:

Create an account at Level Africa
Upload your National ID or Passport
Go to the Unit Trusts section
Select the UAP Old Mutual Money Market Fund
Deposit funds into your wallet
Place your investment order
Track your performance through your dashboard

Final Thoughts

June 2025 saw the UAP Old Mutual Money Market Fund continue its strong, steady performance. A 12.01% return, capital protection, and liquidity make it one of the best-performing money market unit trusts in Uganda today.

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Frequently Asked Questions

What is the UAP Old Mutual Money Market Fund?

It’s a low-risk unit trust that invests in Treasury bills, bonds, deposits, and corporate paper to earn regular income while preserving capital.

What is the fund’s return for June 2025?

It returned 12.01 percent, outperforming its benchmark of 11.31 percent.

How soon can I access my money?

Withdrawals are processed within 2 business days (T+2).

What is the minimum investment?

UGX 100,000 to start and the same amount for top-ups.

Is the fund regulated?

Yes. It’s regulated by the Capital Markets Authority and managed by UAP Old Mutual Investment Group – Uganda.

How is this different from saving in a SACCO or bank?

It offers higher returns, daily valuation, professional management, and no lock-in period.

How do I invest via Level Africa?

Create an account at Level Africa
Upload your National ID or Passport
Go to the Unit Trusts section
Select the UAP Old Mutual Money Market Fund
Deposit funds into your wallet
Place your investment order
Track your performance through your dashboard