The performance analysis of Old Mutual Investment Group (OMIG) Unit Trusts
April 22, 2024
The Fund Fact sheets for OMIG Unit Trusts for March 2024 are in, and as we take stock of various funds and their performances, a standout observation is Old Mutual's swift ambitious progress towards an impressive UGX 2 trillion in total fund assets under Management.
This increase is largely attributed to their flagship fund, the Old Mutual Umbrella Trust Fund, which reported an extraordinary increase of 80 billion in assets under management in just one month hitting a UGX 1.85 Trillion of Assets.
To put this into perspective, the UGX 80-billion increase from February to March surpasses the total funds managed by some fund Managers in the region.
Should this growth persist, accompanied by Old Mutual's marketing strategies, we can anticipate the mutual funds reaching the UGX 2 trillion mark in the near future. This would mark a significant achievement in the Unit Trust investment industry, with Old Mutual potentially becoming the first Collective Investment fund manager to oversee UGX 2 trillion in collective investment funds from retail investors. The Count down is now on.
As of March 2024, the umbrella trust fund stands at UGX 1.85 trillion, boasting an annualized yield of 11.23%. This translates to a monthly return of 0.94% for investors, almost reaching 1%. Investors who were part of the umbrella trust fund at the end of February, when it was valued at approximately UGX 1.77 trillion, have seen close to UGX 18 billion in profits or returns in one single Month. (How much did your savings account at your bank earn you?.
Then the US Dollar Umbrella Fund.
There's been an increase from about $17.6 million to $19.5 million in assets under management, signaling the potential to soon surpass the $20 million benchmark by end of April.
This sustained march towards the $20 million threshold is significantly bolstered by an impressive yield of around 5.07% net annualized yield to investors, equating to about 0.42% monthly—surpassing the returns of five and ten-year U.S. Treasury notes.
Moreover, the fund's low management fees of 1% per annum, low risk profile, and accessible investment thresholds (a minimum investment of $1,000 and minimum top-up of $100) add to its appeal. For diaspora investors desiring to allocate their hard-earned money in a product with solid returns, the Old Mutual Dollar Fund stands as a strong option.
Happy Investing Everyone
UAP Old Mutual has been around for a while and it's impressive to set the Assets Under Allocation grow to this great length. Being the pioneer and long in the market posits them as the number CIS for many investors.
With 11.23% as of March, 2024 and previously, 11.02% as of Feb, 2024, 11.21% as of Jan, 2024, 11.49% as of Dec, 2023. This shows that one can surely earn passive income with an average of 11%.
People shouldn't have excuses. Mutual funds are here to help one put their money to work.
Three things that enable one benefit from such schemes:
1. Time value of money
2. Amount invested
3. Returns
Once you are locked in say for 10 years, you stand a high chance of seeing your money double and with increased investments that are consistent. One will benefit from compounding interest.
You might not be an entrepreneur but you can participate by lending to government and investing using these options.
Thanks for sharing.
Excellent investments and encouraging results