Old Mutual Investment Group (OMIG) Uganda has announced a remarkable fivefold growth in assets under management over the past five years, with the value of funds entrusted by investors rising to Shs3.3 trillion by the close of 2025, underscoring growing confidence in collective investment schemes.
Presenting the company’s financial performance during the 9th OMIG Unit Trust Annual General Meeting, Chief Finance Officer John Golooba said the growth reflects the company’s commitment to delivering value to investors through prudent investment management and consistent returns.
“So in a nutshell, that’s how we performed. Everything was about five times in terms of growth when you look at the five years,” Golooba said.
He revealed that the umbrella unit trust fund closed the year with approximately Shs3.3 trillion in assets under management, representing a 34% increase from 2024.
“We closed the year at about Shs3.3 trillion, almost a billion dollars. We had about a 34 percent growth, and that’s not small money. You guys continue changing the odds of the country. Gone are the days when you’re known for eating all the money; now you’re saving almost all the money,” he said.
According to Golooba, the strong growth in assets translated into higher investment returns, with the umbrella fund generating Shs255 billion in investment income during the year, a 28 percent increase compared to the previous year.
“We did drive about Shs255 billion in investment income. That’s a lot of money. We don’t just sit on the funds; we invest them, and that’s why our clients continue to stay with us,” he noted.
The umbrella trust fund also posted a profit of Shs173 billion, representing more than 32 percent growth, reflecting the fund’s strong financial performance.
Golooba said the company’s Money Market Fund also registered exceptional growth, with assets, investment income and profitability all recording increases of more than 100 percent, driven by rising demand from investors seeking flexible short-term investment opportunities.
John Golooba Chief Finance Officer Old Mutual Uganda
“What you entrusted with us in 2025 was Shs39 billion, and when you compare it to the previous year, it’s more than 200 percent growth. That means people picked interest and entrusted us with more money,” he said.
He added that the Balanced Fund, which invests in a diversified portfolio comprising government securities, listed equities and bank deposits, also continued to grow steadily as more long-term investors sought exposure to multiple asset classes.
The company’s Dollar Fund similarly posted impressive growth of more than 61 percent, highlighting increasing investor confidence in foreign currency-denominated investments.
“In total, all the funds combined held in excess of about Shs3.5 trillion and generated about Shs264 billion in investment income,” Golooba said.
Looking back over the past five years, Golooba attributed the sustained growth to investor confidence and disciplined fund management.
“In 2021 all we had was about Shs600 billion. Today we are at Shs3.3 trillion. That’s more than five times the growth. This has come from people entrusting us with their funds, and all we have done is ensure we invest in the right areas and deliver value,” he said.
He explained that OMIG has maintained operational efficiency by returning the bulk of investment earnings to clients while keeping fund management costs low.
“For every Shs100 we receive, we give back Shs86 to investors, while only Shs14 is used to run the fund. Running at about 14 percent in expenses demonstrates the efficiency we have built into the business,” Golooba said.
Golooba noted that part of the company’s investment in operational efficiency has included significant spending on digital technology, including the newly launched mobile application and online investment platforms, to improve convenience and transparency for investors.
“We believe convenience is at the heart of interacting with our clients. It doesn’t matter how much I promise your money is safe if you cannot conveniently access your statements, monitor your investments or use online platforms. That’s why we have invested heavily in technology,” he said.
He reaffirmed OMIG’s commitment to preserving investors’ capital while delivering competitive returns across its range of investment products, saying the company remains focused on creating long-term wealth for Ugandans through professional fund management and continuous innovation.
OMIG Managing Director Zaccheus Kisesi said the company’s success has also been fuelled by continuous investment in financial literacy and technology, which has made investing more accessible to ordinary Ugandans.
Kisesi said growing awareness about the benefits of long-term investing has encouraged more people to embrace Unit Trust products.
“When you look at the Unit Trust growing every year, there is potential to double the assets because of the level of financial literacy and innovation in the market. There is more improvement in the digital space, which has attracted members from the diaspora,” he said.
Kisesi added that OMIG has deliberately invested in digital platforms and product innovation to improve customer experience.
“Our customers remain at the centre of everything we do. As the investment landscape evolves, we have made deliberate investments in innovation, technology and product development to ensure that accessing investment solutions is simpler, faster and more rewarding,” he said.
Leave a Reply