Old Mutual speaks on benefits of investment
Old Mutual Unit Trust has said the country stands to benefit from investment avenues such as unit trusts.
Unit trusts are a pool of funds that aggregates funds from like-minded individuals to be invested in high earning instruments on the investment market, through among others, expert guidance on financial matters.
The unit trust, which clocks five years this year, reported a 44 percent fund growth from K5.4 billion (about $8.2) to K7.8 billion (about $11.9) and also positive returns on both the money market and balance funds at 21 and 14 percent respectively.
Speaking in an interview on Wednesday, Old Mutual Unit Trust managing director James Mhura said unit trusts give eligibility for investors to invest and enjoy the benefits of a collective investment scheme.
He said: “Investing in a unit trust does not require huge sums to invest in big assets. Unit trusts are designed for ordinary income earners with a small amount of money. Above all the, significant investment risk is usually lower than for other types of investments”.
