Ugandans are increasingly turning to regulated investment options, with Old Mutual Investment Group’s unit trust business recording strong growth after its assets under management reached Shs3.36 trillion by the end of 2025.
The growth represents a 36% increase from Shs2.46 trillion recorded in 2024, driven by increased investor participation, new contributions, and returns generated from different investment portfolios.
Speaking during the company’s 9th Annual General Meeting held at Four Points by Sheraton Hotel in Kampala, Old Mutual Investment Group Chief Financial Officer John Golooba said the performance reflected growing confidence among investors in collective investment schemes.
“The growth was mainly supported by strong net inflows from investors as well as the income generated across our different portfolios,” Golooba said.
He said the company’s Umbrella Trust Fund remained the biggest contributor to the growth, increasing by 34.4% to Shs3.31 trillion.
The fund generated about Shs255 billion in investment income, representing a 28.4% increase, while profitability stood at Shs173 billion.
The Dollar Fund also registered significant growth, rising to $63 million after recording a 61.2% increase during the year. The fund generated $3.22 million in income and posted a profit of $2.34 million.
Government securities remain key investment avenue
Golooba said a large portion of Old Mutual’s unit trust investments continue to be placed in secure and stable assets, with government securities taking the largest share.
About Shs2.61 trillion, representing 78.8% of the portfolio, was invested in government securities, while Shs675 billion was held in bank deposits.
Old Mutual Investment Group Managing Director Zac Kisesi attributed the growth to increased financial awareness among Ugandans and growing interest in formal investment solutions.
He said more individuals, businesses, and investment groups are embracing structured savings and investment products as awareness about financial planning continues to grow.
“Financial literacy has played a big role in this growth. We are seeing more investment clubs, savings groups, and companies looking for better ways to manage their finances,” Kisesi said.
He also credited efforts by the Capital Markets Authority of Uganda in educating the public and strengthening confidence in regulated investment products.
Kisesi noted that increased regulation has helped distinguish legitimate investment providers from fraudulent schemes that have affected some Ugandans in the past.
“People now have more confidence in regulated institutions where they can invest their savings and pension funds,” he said.
He added that technology and improved customer access have also supported growth, allowing investors to monitor their investments, access statements, make contributions, and track performance more easily.
The growth in Old Mutual’s unit trusts comes amid increasing interest in collective investment schemes in Uganda, as individuals and institutions seek alternatives for wealth creation and long-term financial security.
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