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

October 2024 showed renewed optimism for Ugandan investors, with the shilling gaining strength and inflation projections remaining low. The UAP Old Mutual Umbrella Trust Fund returned 11.26 percent, once again beating inflation and delivering dependable performance in a stable economic environment. For investors looking to earn monthly income while protecting their savings, this fund remains a top option.

Fund Overview

The Umbrella Trust Fund, managed by UAP Old Mutual Investment Group – Uganda, is built for safety-conscious investors who want consistent, long-term returns with liquidity and peace of mind.

Key highlights for October 2024:

• Fund Size: UGX 2.340 trillion

• Minimum Investment: UGX 100,000

• Top-Up Amount: UGX 100,000

• Liquidity: T+2 (withdraw funds in two business days)

• Risk Profile: Low

• October Yield: 11.26 percent

• Management Fee: 2 percent

• Initial Fee: 0 percent

• Fund Launch: 20 August 2013

This fund is a strong option for professionals, retirees, and everyday savers aiming to build wealth securely over time.

Performance Summary

The Umbrella Trust Fund once again outperformed its benchmark, offering higher income and low volatility.

These results underscore the fund’s consistency, even during changing interest rate and currency conditions.

What the Fund Invests In

The Umbrella Trust Fund is a diversified portfolio of interest-bearing investments chosen to protect your money while generating steady income.

Asset allocation as of October 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 structure gives the fund balance, liquidity, and access to competitive yields across the short and long end of the market.

Why This Fund Matters for Ugandan Investors

The Uganda shilling appreciated 0.82 percent, closing the month at 3,664.68, supported by remittances, NGO flows, and a softer US dollar. Short-term rates were stable, with the 91-day, 182-day, and 364-day treasury bills closing at 10.472 percent, 12.916 percent, and 14.33 percent respectively.

Consumer inflation remained low, averaging 3.2 percent, well below the 5 percent target. With global central banks easing and yields holding steady, the Umbrella Trust Fund’s return of 11.26 percent offers investors a strong combination of:

• Inflation protection

• Reliable income

• Low market risk

• Liquidity in two business days

Ideal use cases include:

• Saving for school fees or land

• Retirement planning

• Emergency fund building

• Replacing low-interest savings accounts

How to Invest with Level Africa

Getting started is simple. Here’s how:

1. Create an account at Level Africa

2. Upload your National ID or Passport

3. Go to the Unit Trusts section

4. Choose the Umbrella Trust Fund

5. Deposit money into your wallet

6. Place your investment order

7. Track your returns from your personal dashboard

Start investing with as little as UGX 100,000.

Final Thoughts

The UAP Old Mutual Umbrella Trust Fund continues to prove its value with another month of strong, low-risk returns. Whether you are saving for a specific goal or just want your money to grow safely, this fund offers a trusted way to do it.

Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.
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Frequently Asked Questions

What is a unit trust?

A unit trust is a collective investment scheme that pools money from many investors and invests it in assets like treasury bills, bonds, and corporate paper. Professional fund managers handle the investments for you.

How do unit trusts work in Uganda?

When you buy units in the fund, your money is invested in income-generating instruments. You earn returns over time and can withdraw your investment in two working days.

What’s the minimum I can invest?

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

How safe is the Umbrella Trust Fund?

It is categorized as low risk and regulated by the Capital Markets Authority. The fund mainly invests in secure, fixed-income instruments issued by the government or reputable institutions.

Can I lose money in this fund?

Although no investment is completely risk-free, the fund is designed for capital preservation. Its conservative strategy makes it one of the safest ways to grow your money.

How do I invest on Level Africa?

1. Sign up at Level Africa

2. Upload your ID

3. Select the Umbrella Trust Fund

4. Fund your wallet

5. Place your investment

6. Track your progress anytime

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