Overview:
SUHL Chief Executive Officer Francis Karuhanga, during at the launch in Kampala on Friday, said through the Stanbic Unit Trust, they want their customers to tap into the Collective Investment Schemes that are growing.
Stanbic Uganda Holdings Limited (SUHL) has launched a Unit Trust, joining the growing list of companies venturing into the business.
SUHL Chief Executive Officer Francis Karuhanga, during at the launch in Kampala on Friday, said through the Stanbic Unit Trust, they want their customers to tap into the Collective Investment Schemes that are growing.
“Our ultimate goal is the prosperity of Uganda. Tonight’s discussion focuses on growing individual wealth through investment, contributing to the collective prosperity of our nation,” he said.
“At Stanbic Uganda Holdings, we want to enable our customers tap into this impressive growth and not be left behind, ensuring that they have access to financial investment services and that’s why we have designed the Stanbic Unit Trust,” Karuhanga added.
The Stanbic Unit Trust will be managed by SBG Securities, which is SUHL’s specialised arm for investment management and advisory.
Grace Semakula, the SBG Securities Chief Executive, said the fund managers “will navigate the investment environment, diversifying portfolios across treasury bills, bonds, fixed deposits, and shares to minimize risk and maximize returns for our customers.”
“Tonight’s launch is our response to customer demand for more investment opportunities. Managed by a professional Unit Trust Manager, this fund invests in a diverse range of securities to achieve a favorable ROI,” Semakula said.
He said its convenience is derived from the fact that prospective investor needs just 100,000 shillings to start saving and then deposit as low as 50,000 shillings, which makes investment accessible to a wider audience.
The Stanbic Unit Trust accommodates various investment goals and needs, offering three distinct funds including Money Market Fund (short-term), Bond Fund (medium-term), and Balanced Fund (long-term).
Semakula said that clients can also invest jointly, for minors, or as part of a savings group.
According to the Capital Markets Authority, in Uganda, the unit trust industry is showing strong growth, with assets under management increasing by 20 percent in the past year alone.