The investments made by Savings and Credit Cooperative Organisations in unit trust funds, reasonable interest rates registered by savers and strong product uptake among low-income earners are attributed to notable unit trust account balances held by Ugandan savers compared to its peers in Kenya and Tanzania
Unit trust products are organised, collective savings channels that attract short-term savings from both poor and rich clients seeking to achieve different financial goals.
Figures published by Uganda’s Capital Markets Authority show average individual balances recorded among local unit trust funds, also referred to as collective investment schemes, stood at $8,010 by close of June 2023.
