Breaking Down Old Mutual’s Unit Trusts And Why They Should Inform Your Investment Plan For 2023

The year 2023 is here with us. The longest month of the year, metaphorically, January, or as some call it, Njaanuary, is almost coming to an end. Traditionally, despite people struggling financially, January is often the month of planning and realigning one’s financial goals and plans.

The Cabinet Secretary for National Treasury, Professor Njuguna Ndung’u, has already told Kenyans to “expect a difficult year financially.” According to the CS, the economy is likely to perform dismally as compared to other years, and Kenyans should tighten their belts.

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What the good CS meant was not that Kenyans should be scared and retreat into their corners and start crying and wailing about the economy. What he meant is that this year, Kenyans need to make wise financial decisions and invest in avenues that will give them better returns.

Talking of investing wisely, it is not easy for one to choose the right avenue. Many, of course, will run to online platforms where a story with the best Search Engine Optimization (SEO) wins. And many have ended up losing their hard-earned money to fraud.

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When the Covid-19 pandemic first hit Kenya, many businesses were shaken. Millions of businesses shut down and people lost millions of shillings worth of investments. Millions of Kenyans lost their jobs too. Those who had planned to invest from the year 2020 were lost in where to begin.

Some chose to buy pieces of land through schemes that they saw being advertised by influencers and mainstream media. But for most of them, it has emerged that they were actually buying plots that do not exist. Let us just say, they were buying “hot air.”

So, as the year kicks off, where can you invest the little money that you have? Who within the market can you trust your money with? What investment vehicles can you board and make money?

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From our research as Soko Directory, 2023 will be defined by investing in Unit Trusts. Our analysis showed that at the peak of Covid-19, Unit Trusts were the only investment vehicles where investors were cushioned from shocks and assured of their initial investment.

From our analysis also, we analyzed various service providers and landed on Old Mutual Unit Trust offerings. We came to the conclusion that if you are to invest in Unit Trusts, then Old Mutual should be your first stop of shopping and we shall give you reasons why.

Old Mutual has four Unit Trusts so far:

• Money Market Fund
• Balanced Fund
• Equity Fund
• Bond Fund

Old Mutual Money Market Fund

The fund is suitable for individuals who want to start their investment journey or are looking f