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

In November 2024, the UAP Old Mutual Umbrella Trust Fund maintained its strong performance, delivering a monthly return of 11.38 percent despite currency pressures and rising interest rates. The fund’s consistent results make it an attractive option for investors seeking low-risk returns with easy access to their money.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, is designed for capital preservation and monthly income. It’s a smart choice for cautious investors looking for more growth than a savings account without the volatility of stocks or forex.

Key features as of November 2024:

Fund Size: UGX 2.417 trillion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (you can withdraw your funds in two business days)
Risk Profile: Low
November 2024 Yield: 11.38 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

Performance Summary

The fund outperformed its benchmark again this month and remains one of Uganda’s most stable fixed-income investment vehicles.

Period	Return (%)	Benchmark (%)
November 2024	11.38	9.40
Quarter to Date	11.64	9.22
Year to Date	11.74	8.86
Since Inception	11.87	8.49

These returns prove the fund’s consistency and value in protecting and growing wealth.

What the Fund Invests In

The Umbrella Trust Fund maintains a well-diversified portfolio focused on interest-earning securities.

Asset allocation as of November 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 combination provides a strong balance between safety, income, and liquidity.

Why This Fund Matters for Ugandan Investors

In November, the Uganda shilling strengthened by 0.68 percent to close at UGX 3,689.14. This followed early-month weakness driven by dollar demand from the energy and manufacturing sectors. Interest rates also surged, with the 91-day Treasury bill closing at 11.719 percent and the 20-year bond touching a historic high of 17.5 percent.

Despite these fluctuations, the Umbrella Trust Fund delivered a reliable 11.38 percent return, making it an excellent fit for:

Professionals growing their savings
Parents preparing for tuition
Individuals building an emergency fund
Retirees seeking monthly income
Anyone avoiding risky investments

How to Invest with Level Africa

Getting started is simple and fast. Here’s how:

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

You can start with as little as UGX 100,000.

Final Thoughts

As interest rates rise and the economy adjusts to fiscal pressures, the UAP Old Mutual Umbrella Trust Fund continues to offer safe, inflation-beating returns. With easy access, low entry requirements, and a strong track record, it remains one of Uganda’s most trusted investments.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a pooled investment where multiple investors contribute funds that are professionally managed and invested in income-generating securities like treasury bills and corporate bonds.

How do unit trusts work in Uganda?

You buy units in the fund. As the fund earns income, your investment grows. You can redeem your units and access your money within two business days.

What is the minimum investment amount?

You can start with UGX 100,000 and top up with the same amount or more.

Is the Umbrella Trust Fund safe?

Yes. It’s categorized as low risk and is regulated by the Capital Markets Authority. The fund invests in high-quality fixed-income instruments from government and corporates.

Can I lose money in this fund?

While all investments carry some risk, this fund is built for capital preservation and has consistently delivered positive returns.

How is this better than a savings account?

It offers higher interest, better protection against inflation, and monthly income while remaining accessible and professionally managed.

How do I invest through Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Choose the Umbrella Trust Fund
Place your investment
Track your performance online