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

In September 2024, the UAP Old Mutual Umbrella Trust Fund continued to outperform market benchmarks while offering low-risk, inflation-beating returns. With inflation easing and yields staying elevated, the fund’s 11.47 percent return gave investors another month of dependable income and capital protection.

Fund Overview

Managed by UAP Old Mutual Investment Group – Uganda, the Umbrella Trust Fund is ideal for medium- to long-term investors who prioritize stability, income, and access to their funds.

Key highlights for September 2024:

Fund Size: UGX 2.294 trillion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (two business days)
Risk Profile: Low
September 2024 Yield: 11.47 percent
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

This fund remains a great option for conservative investors and those saving toward predictable life events like tuition, land, weddings, or retirement.

Performance Summary

The fund’s returns stayed strong and continued to outperform its benchmark.

Period	Return (%)	Benchmark (%)
September 2024	11.47	9.29
Quarter to Date	11.70	8.80
Year to Date	11.72	8.79
Since Inception	11.87	8.48

These returns reinforce the value of consistent fund management and fixed-income exposure.

What the Fund Invests In

The Umbrella Trust Fund invests primarily in government and corporate debt instruments, carefully selected to maximize yield and manage risk.

Asset allocation:

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 balance ensures stability and predictable income for investors, even during economic uncertainty.

Why This Fund Matters for Ugandan Investors

The Uganda shilling traded in a stable range between 3,700 and 3,720 throughout the month. Inflation dropped to 3.5 percent from 4 percent in July, driven by improved FX stability and better food supply.

Despite these improvements, yields remained elevated. The one-year Treasury bill closed at 13.75 percent, while the 20-year bond hovered near 16.5 percent, showing continued demand for domestic debt.

The Umbrella Trust Fund’s 11.47 percent return helps investors:

Beat inflation
Avoid currency erosion
Preserve capital
Earn consistent monthly income

It’s particularly suited for:

Professionals building an emergency fund
Parents saving for school fees
Retirees seeking monthly income
Anyone looking for an alternative to traditional bank deposits

How to Invest with Level Africa

Starting your investment journey is easy with Level Africa. Here’s how:

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

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

Final Thoughts

The UAP Old Mutual Umbrella Trust Fund remains one of the most reliable ways to grow your savings safely. With steady monthly returns, low entry requirements, and immediate access to funds, it is a smart choice for investors at any level.

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Frequently Asked Questions

What is a unit trust?

A unit trust is a pooled investment fund where many investors contribute their money, which is then managed by professionals who invest in interest-generating assets like treasury bills, bonds, and corporate paper.

How do unit trusts work in Uganda?

You buy units in the fund, and the value of your investment grows based on the fund’s performance. You can withdraw your funds within two working days.

Is the Umbrella Trust Fund safe?

Yes. It is a low-risk fund regulated by the Capital Markets Authority and backed by secure assets like government securities and corporate debt.

How much do I need to start?

The minimum investment is UGX 100,000, with top-ups allowed from the same amount.

Can I lose money in this fund?

The Umbrella Trust Fund focuses on capital preservation. While no investment is 100 percent risk-free, this fund is designed to minimize losses and deliver consistent returns.

Why is this better than a savings account?

Unit trusts offer higher returns, better inflation protection, and professional management compared to traditional bank savings.

How do I invest on Level Africa?

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