FUND MANAGEMENT: Savings and investments increase in some sectors
Indicators from regulatory filings by leading Fund Managers in the domestic market shows that effects of the Covid 19 crisis, continue to drive up savings and investments from some key quarters. For instance, in the year ended 2020, UAP - Old Mutual Financial Services, registered a 70% growth in Assets under management hitting 345 Billion shillings up from 203 Billion in 2019. A statement shared with the regulator and market stakeholders, attributes the growth to inflows from the umbrella trust fund from a total of 6,751 Unit holders up from 3,592 at close of 2019.
