Sedia untuk review akaun public mutual anda jika agen anda tidak lagi aktif. Interest income rose by 22.3%, compared to a growth of 4.5% recorded in Q3’2019. With the bulk of investments in the government bonds, Eastspring is among the safest funds to put money in. According to World Bank data, in well-functioning economies, businesses rely on banks for just 40.0% of their funding with the larger percentage of 60.0% coming from Capital Markets. Unit trust investors have had a tough time of late, particularly those invested in funds with big exposures to South African equities. Among unit trust products, Money Market Funds continued to be the most popular product in terms of market share, accounting for Kshs 78.9 bn equivalent to 89.6% of all the funds under management by Collective Investment Schemes for the quarter ended 30th June 2020, an increase from 88.0% in Q1’2020 as shown in the table below; Assets Under Management (AUM) by Type of Collective Investment Scheme (All values in Kshs mns unless stated otherwise). You buy units with the investment you make in a unit trust. These are listed in the “local unit trusts” section on our Latest prices, factsheets and performance page. By ensuring that our investors understand the fine print regarding their investment decisions, each client can weigh up all possible avenues before settling on expectations and long-term commitments. As there is no limit to what you can invest unit trusts are a good option if you have already used up your annual The gains were however weighed down by losses being recorded by Cooperative Bank and Standard Chartered Bank of 1.7% and 0.5%, respectively. The performance persistence tests of the unit trusts is examined between January 1982 and December 1996. The performance in NFI was on the back of declined growth in fees and commission of 5.5%, which was slower than the 22.6% growth recorded in Q3’2019. Unit Trust Funds, “UTFs”, are collective investment schemes that pool money together from many investors and are managed by professional Fund Managers, who invest the pooled funds in a portfolio of securities to achieve objectives of the trust. Performance of the Unit Trust Funds Industry. Readers are advised in all circumstances to seek the advice of a registered investment advisor. Cost of funds declined marginally to 2.6%, from 2.7% recorded in Q3’2019, owing to the faster 30.2% growth in average interest-bearing liabilities to Kshs 653.0 bn, from Kshs 501.4 bn recorded in Q3’2019, outpacing the 21.6% increase in interest expense. The inherent conflict of interest where banks are Trustees in a market where they are also competing for funds, and. Using the 1982 Yearbook, all trusts with UK General, UK Income and UK Growth objectives were identified. Borrowings recorded a growth of 19.0% to Kshs 68.5 bn, from Kshs 57.6 bn in Q3’2019, and. The local share market declined by more than 11% in 2018. Their fund analysis focuses on individual trusts, examining them in detail to create a snapshot picture that investors can use to aid their investment decisions. Calculate how much to save for retirement. Past performance is not an indication of future performance. House prices recorded sluggish growth increasing by 0.3% over the quarter and 2.3% on an annual basis, attributable to reduced transactions as investors adopt a wait and see approach in the midst of uncertainty and reduced disposable income. As per the Capital Markets Authority CMA Quarterly Statistical Bulletin - Q3 2020, the industry’s overall Assets Under Management (AUM) grew by 15.1% to Kshs 88.1 bn as at the end of Q2’2020, from Kshs 76.5 bn as at the end of Q1’2020. By how much can you increase your monthly contributions per year? The unit trusts are legally the property of the minor. Unit trusts/OEICs; 12 November 2020 Update: Man GLG launches Asian equity fund for Andrew Swan. Interest expense, on the other hand, grew faster by 21.2%, compared to 4.3% in Q3’2019. Top 5 Money Market Funds by Yield in Q2’2020, Section III: Comparing Unit Trust Funds AUM Growth with Bank Deposits Growth. Top Performing Daily. 353563-P) Suite 12.02, 12th Floor, Kenanga International Building, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia Http://www.KenangaInvestors.com.my During the week, KCB Group and Equity Group Holdings released their Q3’2020 financial results which showed a general decline in profitability; During the week, the Kenya Bankers Association released the Housing Price Index, November 2020 report, highlighting that house prices contracted by 0.1% in Q3’2020, a marginal improvement from the 0.2% contraction in Q2’2020. In the hospitality sector, Kenya was voted as Africa’s leading tourist destination in the World Travel Awards, supported by the epic savannah landscapes, wildlife, beaches, and lakes among other tourist attraction destinations; Following the release of Unit Trust Fund Managers’ results for the first half of 2020, we examine the performance of Unit Trust Funds, with a key focus on Money Market Funds, which is the most popular Unit Trust Funds investment with a market share of 89.6% as at the end of Q2’2020, a rise from 88.0% in Q1’2020. The allocation to these three asset classes in Q2’2020 was 35.2%, 7.9%, and 43.7% for bank deposits, securities listed on NSE, and securities issued by the Government of Kenya, respectively in Q2’2020. If interested in our Private Wealth Management Training for your employees or investment group, please get in touch with us through, For recent news about the company, see our news section. Given that Balance Funds invest in both the Equities and the fixed income market, the declines recorded in the Equities market has contributed to the slight decline its market share, however, the declines recorded in the Equities Market have been mitigated by the gains recorded in Fixed Income Securities. The yields on all the three papers, 91-day, 182-day and 364-day increased marginally by 1.0 bps, 4.0 bps and 5.0 bps to 6.7%, 7.1% and 8.0%, respectively; During the week, the equities market was on an upward trajectory, with NASI, NSE 20 and NSE 25 recording gains of 1.9%, 1.1% and 2.5% respectively, taking their YTD performance to losses of 32.6%, 13.5% and 20.0%, for NSE 20, NASI and NSE 25 respectively. The cost of funds, on the other hand, declined to 2.6% from 2.9% in Q3’2019 owing to a faster 30.1% growth in average interest-bearing liabilities, which outpaced the 20.3% rise in the trailing interest expense. There are many types of unit trusts that are designed to offer investors a range of different benefits, depending on their particular needs. According to the report, land in satellite towns recorded an annualized appreciation of 4.7% while land within Nairobi suburbs recorded an average of 0.9%. Consequently, the NPL ratio deteriorated to 10.8% in Q3’2020, from 8.4% in Q3’2019, attributable to a faster 69.4% growth in Non-Performing Loans, which outpaced the 32.5% growth in gross loans. Alternatively, you may open the unit trust investment in your own name and manage it on behalf of the child. PERSONAL; WEALTH; BUSINESS; CORPORATE; INSTITUTIONS; CLAIMS ; CAREERS; ABOUT; Old Mutual Unit Trusts Funds. Locate a Branch. In our view, due to the current subdued economic performance brought about by the effects of the COVID-19 pandemic, the government will record a shortfall in revenue collection with the target having been set at Kshs 1.9 tn for FY’2020/2021 thus leading to a larger budget deficit than the projected 7.5% of GDP, ultimately creating uncertainty in the interest rate environment as additional borrowing from the domestic market may be required to plug the deficit. This brings the total number of Quickmart’s outlets to 35, with 6 outlets opened in 2020. To register for any of our Wealth Management Training, click. The government accepted Kshs 7.9 bn out of the Kshs 8.0 bn worth of bids received, representing an acceptance rate of 99.3%, which can be attributed to the undersubscription. Despite their high TERs, the unit trusts we examined actually underperformed their respective indexes over a 10-year period. Click on a fund sector below to see the latest prices and other information for all funds and classes in that sector. Cytonn Money Market Fund closed the week at a yield of 10.5%. We will further analyze the performance of Money Market Funds, a product under Unit Trust Funds, currently the most popular in terms of Assets Under Management, with 89.6% of the UTF market as at Q2’2020. As at the end of Q2’2020, Co-op Money Market Fund recorded the fastest growth in Assets under Management (AUM) coming in at 21,890.3% to Kshs 1.2 bn, from Kshs 5.3 mn recorded in Q1’2020. When Should You Invest in Mutual Funds and Unit Trusts? This is plainly illustrated by the performance of South African unit trusts over the last 10 and 25 years. During the week, Kenya was voted as Africa’s leading tourist destination in the World Travel Awards, supported by the epic savannah landscapes, wildlife, beaches and lakes among other tourist attraction centers. Unit Trust Funds assets recorded a growth of 15.1% in Q2’2020, compared to a growth of 1.1% in Q1’2020, while the listed bank deposits grew by 18.5% in Q2’2020 compared to a growth of 14.3% recorded in Q1’2020. Lower mid-end residential markets within the Nairobi Metropolitan Area such Athi River and Kasarani recorded the highest activities accounting for 52.6% of the sales during the quarter, with upper-mid-end areas such as Thindigua and South B at 31.6%, and high-end markets such as Kileleshwa and Kitisuru at 15.8% of the sales, reinforcing buyers’ search for affordability. The yields on all the three papers, 91-day, 182-day and 364-day increased marginally by 1.0 bps, 4.0 bps and 5.0 bps to 6.7%, 7.1% and 8.0%, respectively. Out of the 23 however, only 19 were currently active while 4 were inactive; Money Markets, T-Bills & T-Bonds Primary Auction: During the week, T-bills were oversubscribed, with the overall subscription rate coming in at 126.6%, up from 115.9% the previous week, mainly driven by the high liquidity in the money markets as evidenced by the 7.9% increase in interbank volumes to Kshs 8.2 bn during the week, from Kshs 7.6 bn recorded the previous week. It works by pooling your money with other investors into a single fund, which is managed by a fund manager. OUR FEES. Following the release of Unit Trust Fund Managers’ results for the first half of 2020, we examine the performance of Unit Trust Funds, with a key focus on Money Market Funds, which is the most popular Unit Trust Funds investment with a market share of 89.6% as at the end of Q2’2020, a rise from 88.0% in Q1’2020. The performance persistence tests of the unit trusts is examined between January 1982 and December 1996. Despite their high TERs, the unit trusts we examined actually underperformed their respective indexes over a 10-year period. Note that funds of funds are priced a day in arrears — check the date column to see the effective date of each price. Unit Trust products are not insured by PIDM. Investonline unit trust performance is tracked in an easy-to-use spreadsheet/chart, showing the past performance of its premium branded unit trusts offered over the last five years. The developer has continued to focus on student housing having developed other hostels under the Qwetu brand in Ruaraka, Parklands and Jogoo Road. These securities include bank deposits, securities listed on NSE, and securities issued by the Government of Kenya. Core earnings per share declined by 13.9% to Kshs 4.0, from Kshs 4.6 in Q3’2019, better than our projections of a 41.7% decline to Kshs 2.7. Common types of investments undertaken by unit trusts … One of the projects will be under the Qejani brand and is expected to accommodate approximately 2,112 students. With the market trading at valuations below the historical average, we believe there are pockets of value in the market for investors with higher risk tolerance and are willing to wait out the pandemic. The funds in the unit trust earn returns in the form of dividends, interest income, and/or capital gains depending on the asset class the funds are invested in. The balance sheet recorded an expansion as total assets grew by 27.2% to Kshs 972.0 bn, from Kshs 764.3 bn in Q3’2019. Unit Trusts are typically classified by geography, sector and type of assets held. Overall, rental prices increased by 2.5% q/q and 4.9% y/y, with Ruiru recording the highest rental appreciation of 3.7% over the quarter. The performance quoted is for a lump sum investment. The author accepts no liability for any loss arising, whether direct or indirect, caused by the use of any part of the information provided. The decline in the YIEA can also be attributed to the reduced lending rates for customers by the sector, in line with the Central Bank Rate cuts. Locate Us. Yields on interest-earning assets declined to 10.3% from 10.5% in Q3’2019 attributable to a faster 13.7% growth in average interest-earning assets, outpacing the 4.9% growth in trailing interest income. The investment performance of Unit Trusts and Mutual Funds has been extensively researched in the United States and in Britain. The faster growth in interest income may be attributable to the increased allocation to government securities. A pool of money managed collectively by professional fund managers. Additionally, as at the end of Q2’2020, there were 23 approved collective investment schemes made up of 93 funds in Kenya. If you’re coming into the market by year 2018, then big chances that you’re losing money. Interest expense rose by 21.6% to Kshs 12.8 bn from Kshs 10.5 bn in Q3’2019, following a 17.9% increase in interest expense on customer deposits to Kshs 9.6 bn, from Kshs 8.1 bn in Q3’2019, coupled with a 36.8% increase in other interest expenses to Kshs 2.6 bn from Kshs 1.9 bn in Q3’2019. The declines in the house prices is attributed to the softening of the economy and the decline in consumption expenditure, which has affected both demand and supply in the residential market. Old Mutual Unit Trust Managers has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The yield on the Cytonn Money Market Fund remained unchanged at 10.5%, similar to what was recorded the previous week. According to the Central Bank of Kenya data, the average deposit rate during the quarter declined to 6.9%, post the removal of the deposit rate cap floor in August 2018, from an average of 7.8% when the legislation was in place. We want to help you get there. During the week, the yields on all Eurobonds remained unchanged with only the 7-year bond issued in 2019 increasing by 0.1% points. This was supported by government payments, which partly offset tax receipts. Transfer your existing retirement savings, What to expect from your portfolio manager, Nedgroup Investments Core Accelerated Fund, Old Mutual Absolute Smooth Growth Portfolio, Old Mutual Multi-managers Enhanced Income Fund, Catalyst Global Real Estate Prescient Feeder Fund, Nedgroup Investments Global Cautious Feeder Fund, Coronation Global Equity Select [ZAR] Feeder Fund. How much have you already saved for retirement? Below, depending on your objective, you will find the best performing unit trust funds to invest and grow your money. As per the regulation, funds in MMFS’ are invested in liquid interest-bearing securities that have a weighted average maturity of less than 12-months. The loan book also recorded an 18.7% growth to Kshs 577.5 bn, from Kshs 486.6 bn in Q3’2019. Consequently, the NPL ratio deteriorated to 15.3%, from 8.3% in Q3’2019, due to the faster growth in Gross Non-Performing Loans (NPLs), which outpaced the growth in loans. This growth can be largely attributable to: According to the Capital Markets Authority, as at the end of Q2’2020 there were 23 approved collective investment schemes made up of 93 funds in Kenya. While initial deposit and additional investments may vary depending on the fund, Money Market Funds present a low risk, affordable and high-yielding investment opportunity for investors and capital preservation, a key feature of MMFs. Additionally, Kenya Airways was ranked as Africa’s leading Airline-business classes and Africa’s leading Airline-economy class. The 280 SQM four bedroom duplex units are valued at Kshs 40.0 mn for the upper floor units and Kshs 42.5 mn for the lower floor units. The top five Money Market Funds control an AUM of Kshs 64.5 bn, which translates to 81.7% of the total AUM in Money Market Funds. A unit trust is an open-ended grouped investment product, which means there is no limit to how many people can invest in it or how much can be invested. Majedie CEO Rob Harris: Performance turns heads and headwinds will abate. The poor performance of the growth in fees and commission can be attributed to the waiver on fees on mobile transactions below Kshs 1,000 and the free bank-mobile money transfer. Currently i am doing thesis on Evaluating performance of Equity unit trust funds using KLCI as benchmark form year 2000 – 2010. i need the monthly or yearly return of the selected unit trust funds..i could not find the details anywhere..and i am also confused why the annual return of the fund in master prospect is different from the morningstar website. Total liabilities rose by 30.0% to Kshs 836.1 bn, from Kshs 643.1 bn in Q3’2019, driven by a 31.7% increase in customer deposits to Kshs 772.7 bn, from Kshs 586.7 bn in Q3’2019, with customer deposits from NBK amounting to Kshs 102.6 bn in Q3’2020. Recent Publications. Balanced Funds offer investors a reasonable level of current income and long-term capital growth, achieved by investing in a diversified spread of equities and fixed income securities. Interest expenses on deposits and placements grew by 5.1% to Kshs 0.6 bn, from Kshs 0.5 bn in Q3’2019. The top five Money Market Funds in terms of growth rate recorded in Q2’2020 as highlighted below: During the period under review, the following Money Market Funds had the highest average effective annual yield declared, with the Cytonn Money Market Fund having the highest effective annual yield at 10.8% against the industrial average of 8.7%. These can range from long-term growth to funds that give the investor regular income. Find a Maybank branch nearby to you . Interest income rose by 21.7% to Kshs 52.1 bn, from Kshs 42.8 bn in Q3’2019. During the week, the Kenya Bankers Association released the Housing Price Index, November 2020 Report, highlighting that house prices contracted by 0.1% in Q3’2020, a marginal improvement from the 0.2% contraction in Q2’2020. The economic outlook remains grim. We expect the positive accolades to boost investor confidence in the sector coupled by; improved security, political stability, and improving infrastructure. The Net Asset Value to Net Asset Value figures are used for the performance calculations. Two banks have released their Q3’2020 financial results, recording a (27.5%) weighted average decline in core Earnings Per Share (EPS), compared to a weighted average growth of 8.7% in Q3’2019 for the entire listed banking sector. Currently, the sector is undergoing gradual recovery supported by; government strategies such as the Ministry of Tourism Post-Corona recovery funds aimed at offering financial aid to hotel and other establishments in the hospitality industry through the Tourism Finance Corporation (TFC), repackaging of the tourism sector products to appeal to domestic tourists, and, relaxation of travel advisories aiming at increasing the number of international tourist arrivals into the country. When choosing a unit trust you should consider two key factors : your investment time horizon and the level of risk you are able to tolerate. Demand for apartments declined by 63.0%, while demand for bungalows and maisonettes expanded by 9.0%, and 72.0%, respectively, attributable to the relatively stronger demand at the top end of the market. During the week, KCB Group and Equity Group Holdings released their Q3’2020 financial results. The performance is attributed to high occupancy rates at 80.0%, 2.7% points higher than the market average of 77.3% and high rental rates of Kshs 129.8 per SQFT, which is 10.0% higher than the market average rates of Kshs 118.0 SQFT. Bank deposit growth at 18.5% outpaced UTFs growth of 15.1%, and save for the year 2019, bank deposit growth usually outpace UTFs growth, an indication that our capital markets potential and growth remains constrained, and. Using the subsequent Yearbooks, new trusts … Unit trust performance is gross profit (or loss); that is, the total Redemption Value minus the Capital Invested. Property funds have also been dragged down by the weak performance of a number of UK property companies that are listed on the JSE, which have have had a torrid time amid a Brexit-driven meltdown. Top 5 Performing Funds For Short Term Investment (1 - 5 Years) If you’re investing for short term gain, typically within 3 months to 5 years, you must make sure that the fund you’re investing can give a higher return than fixed deposit rate, which averages around 3%. During the week, the yields on the 2019 dual-tranche Eurobonds remained relatively stable, with the 7-year Eurobond increasing marginally by 0.1% points to 5.7%, from 5.6% recorded last week, while the 12-year Eurobond remained unchanged closing at 6.9%, as was recorded the previous week. The rise in the investments in government securities is mainly due to the bank's cautious stance with regards to lending. Give us a call at +603 2022 5000. The growth was supported by a 37.2% increase in the government securities to Kshs 185.3 bn, from Kshs 135.1 bn, coupled with a 30.1% increase in loan book to Kshs 453.9 bn from Kshs 348.9 bn in Q3’2019. Performance; Historical Pricing; Featured Idea; Calendar; Primary Trusts Hide table detail rows. Ultimately these managers work for the unit holders who have all rights to the assets of the trust in question. Kenya Real Estate Retail Sector Report 2019, Q1’2020 Performance by Unit Trust Fund Managers, Capital Markets Authority CMA Quarterly Statistical Bulletin - Q3 2020, Potential Effects of COVID-19 on Money Market Funds. Call Us 0860 947 366. We expect total returns to investors to remain suppressed in the last quarter of 2020 as developers continue to offer discounts to homebuyers. Using the 1982 Yearbook, all trusts with UK General, UK Income and UK Growth objectives were identified. Unit trust, OEIC and fund prices, charts, news and Morningstar research, along with tools to help you find the best funds and to make great fund investing decisions. Get up to date performance figures on the IA Unit Trusts & OEICs, including annual, cumulative and discrete performance details, interactive charting options and more. The performance was driven by a 50.7% increase in total operating expenses, outpacing the 17.0% growth recorded in total operating income. People who know little about investing often repeat what they hear, not knowing whether what they heard are correct or even if they are repeating what they heard correctly. While Equity Funds have the potential to outperform and deliver better returns than Money Market Funds over the medium to long-term, preservation of capital in Money Market Funds is the main contributory factor for its popularity in Kenya. Based on Morningstar data as of May 2019. Net Interest Margin (NIM) remained unchanged at 7.8% from what was recorded in Q3’2019. The performance data quoted represents past performance, which does not guarantee future results. During the week, the equities market was on an upward trajectory, with NASI, NSE 20 and NSE 25 recording gains of 1.9%, 1.1% and 2.5% respectively, taking their YTD performance to losses of 13.5%, 20.0% and 32.6%, for NASI, NSE 25 and NSE 20 respectively. Apartments recorded an annual increase of 5.8% in the rental rates compared to detached and semi-detached units which recorded an annual increase of 5.1% and 3.5%, respectively. Acorn Group, a Kenya-based real estate developer, announced that it is set to build two hostels next to the University of Nairobi Chiromo Campus, along Science Crescent Road, off Riverside Road to host approximately 3,000 students. What Is Unit Trust? Unit trusts offer an easy, convenient and affordable way to invest in shares and other asset classes. Unit trust data. In the last three-years, Assets Under Management of the Unit Trust Funds have grown at a CAGR of 16.6% to Kshs 88.1 bn in Q2’2020 from Kshs 55.5 bn recorded in Q2’2017.
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