Friday, June 13, 2008

Mutual Fund/Unit Trusts/Collective Investment Schemes Investing in Uganda

This has been possible for quite a while.

Currently the only funds running are from African Alliance, but this does not mean they only invest
in companies on the USE, or the various bonds and bills in the country.

Some years back upon inquiring where they invest, I was told that information is only available to fund
investors. (yeah, chicken and egg, but I guess you can put in alittle and wait for the annual report!)

They have the following funds:
Fund
Balanced Income Fund (Initial Fee 5%)
High Yield Fund (2.5%)
Uganda Money Fund (?)

Contrast this with investment in individual stock were the commission is 2%.

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