What's the Dollar Unit Trust Fund?
- Low-cost access to both the fixed-income market and the stock market
- Full-time professional management of your money
- Unit trusts are flexible, transparent, easy to join and give you all-round access to investment proceeds
- One of the most tax-efficient ways of investing (provide tax exemptions on interest income, capital gains tax exemptions)
Offer compelling capital growth opportunities over the medium to long-term
To align your interests and expectations with the objectives of the Dollar Unit Trust Fund, you need to consider certain factors before making the decision to invest.
- Determine what your investment objective is
- Consider your risk appetite
- Consider your investment horizon and possibly whether you will need the money in the short or long term.
It is important to bear in mind that the value of the unit trust will fluctuate in accordance with the underlying investments and any income may go down, as well as up.
An investor can purchase units through an investment advisor from Old Mutual Investment Group, Uganda, upon receipt of proper advice and the minimum lump sum investment amount is USD 1,000 in the fund. An investor can also choose to make regular top-ups as and when they feel the need to.
- The Trustee - will monitor all involved parties and check whether all transactions done by the fund manager and the custodian are in accordance with the law.
- The Custodian - will safeguard the assets and the securities of the unit trust in a separate account.
- The Fund manager - will invest the portfolio across various asset classes and will use its market knowledge and expertise to give superior rate of return.
- Returns from the financial markets
- The type of assets within the unit trust portfolio and management skills of the fund manager
- The value of shares, treasury bonds, corporate bonds and other asset classes are determined by financial markets and can rise or fall over time
- Individual
- Joint Account
- Investment Club
- Sacco
- Company
- NGO
- Religious Body
- Trust Fund
Others
- Copy of identification document (Preferably National ID)
- One colour passport-sized photo
- Copy of recent bank statement (Last 3 months or cancelled cheque)
- Proof of residence if there is no National ID (Copy of utility bill or LC letter or residence verification letter)
- Copy of Certificate of Incorporation
- Copies of signatory’s identification documents
- One colour passport-sized photo of each of the signatories
- Copy of recent bank statement not more than 3 months or cancelled cheque
- Resolution to carry out the investment on company letterhead
The Auditor - will check and audit the unit trust operations on a regular basis to further enhance your security.
OMIG-UG Dollar Unit Trust Fund provides you with easy access to your money. Normally, your money should reach your account within 2-3 working days upon receipt of the redemption request. You can redeem all or part of your investment at any time.
Dollar Unit Trust Funds are a tax-efficient investment.
The rate of return rendered by the Dollar Unit Trust Fund depends on the following factors:
Historical performance does not predetermine future performance.
Generally, the level of investment return is related to the level of risk incurred by any investment, i.e. the higher the potential risk, the greater the potential return. For example, bond or fixed-income instruments are less risky but also have lower potential returns.
For transparency purposes, OMIG-UG will send monthly reports to your email. The market value of your investment depends on the current price of the unit at a particular period of time. The number of units you have needs to be multiplied with the current price, which then gives you the market value of your investment.
Individuals / Joint Accounts
Corporate / Investment Clubs / Saccos / NGO’s / Religious Bodies and Others.