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Britam Uganda Launches Unit Trust Funds

Britam Asset Managers (Uganda) Ltd. has officially launched three types of Unit Trust Funds namely Britam Money Market Fund, Britam Umbrella Fund and the Britam Equity Fund, offering the retail market flexible savings and investment option with high returns on their investments. The colorful launch cocktail was held on 18th February 2020 at the Kampala Serena Hotel. 

Britam Asset Managers (Uganda) Ltd. has officially launched three types of Unit Trust Funds namely Britam Money Market Fund, Britam Umbrella Fund and the Britam Equity Fund, offering the retail market flexible savings and investment option with high returns on their investments. The colorful launch cocktail was held on 18th February 2020 at the Kampala Serena Hotel.

Speaking at the launch, Britam Asset Managers (Uganda) Ltd. General Manager said, “Investing in unit trusts is a smart way to have your money work for you without any interrupting daily schedules. This fund answers the questions of many Ugandans who seek to earn an extra return from their savings but are not in position to access several investment options which require lump sum amounts of cash. For example, with the Money Market fund, one can start investing with as little as UGX 100,000, top-up with a minimum of UGX 50,000 making it accessible to many Ugandans,” 

Unit trust funds offer a wide range of benefits such as tax exemption, daily liquidity, daily interest accrual, professional investment management and ease of access to funds. Moreover, the funds are regulated by the Capital Markets Authority.

With the launch of these unit trusts, Britam continues to keep its promise of being with their clients at every step of their financial journey. “Following the successful growth of Unit Trusts in other markets, such as Kenya, we felt it important to bring this investment solution to Uganda.  Investing in such funds gives consumers an opportunity to access various vehicles they may otherwise not have access to. We are also keen to grow the investment and savings culture within the region, and offering customers such investment vehicles is a great way to start the journey.” said Gladys Karuri, Chairlady of the Board - Britam Asset Managers (Uganda) Ltd. 

Currently, Britam Asset Managers (Uganda) Ltd. has UGX 385 Bn in assets under management. 

 

Unit Trust Fund Features

 

Features

Details

Initial Investment

UGX. 100,000

Minimum Top Up

UGX. 50,000

Annual management Fee

2.00% per annum

Withholding Tax

Tax exempt

Trustees

Kenya Commercial Bank

Custodian

Standard Chartered

 

See more pictures from the event on the Britam Uganda Facebook Page.