WHAT IS A UNIT TRUST?
A Unit Trust is an excellent way to accumulate wealth. It is a pool of savings by members. Portfolio managers then invest the pooled funds in selected securities. Each receives units depending on the size and value of his/her investment.
Choice of Funds under Unit Trusts
MONEY MARKET FUND
The fund manager invests the fund’s money in high-quality interest-bearing investments, fixed deposits, and near cash holdings in the Kenyan market. This is a conservative risk fund.
EQUITY FUND
The Equity fund invests in professionally selected shares and stocks listed on the Nairobi Stock Exchange. This fund is suitable for the investor, who is seeking long-term growth through dividends and capital gains from the investments. Carries an element of risk due to the dynamism of share price fluctuations.
BALANCED FUND
The balanced Fund provides investors with a single fund that combines both growth and income objectives by investing in shares for growth and interest-bearing assets for income. This fund has an offshore element that contributes to the diversity of the fund. Has a medium risk exposure.
Fixed Income
The Fixed Income Fund is a moderate to medium risk fund that invests in a well-diversified portfolio of bonds issued by the Kenyan government and corporations. The fund is suitable for investors seeking a reasonable level of current income and steady growth of their capital.
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