Collective Investment Schemes (CIS) were introduced in November 2003, by the Collective Investment Schemes Act, with the first unit trust being established by African alliance around 2005. The industry has since grown, with various players entering the market. Currently there over 6 fund managers and 91,289 funded investor unit trust [...]
A fund manager plays a crucial role in managing unit trust funds, responsible for:1. Investment strategy: Developing and implementing investment objectives, policies, and strategies.2. Portfolio management: Selecting, buying, and selling securities within the fund.3. Risk management: Monitoring and managing risk exposure to ensure alignment with investment objectives.4. Research and analysis: [...]
What are government Bonds and what’s the process of Trading Bonds on the Secondary Market Government bonds, also known as sovereign bonds or treasury bonds, are debt securities issued by a government to finance its activities, pay off debts, or fund projects. They are considered a low-risk investment, backed by [...]
Why Earn Interest on Savings AccountsInflation Protection: Interest earnings help maintain purchasing power during inflation.Wealth Growth: Compound interest accelerates savings growth over time.Liquidity: Savings accounts provide easy access to funds.Low Risk: Typically, savings accounts are insured and low-risk.Disciplined Savings: Encourages regular savings habits.Effects of High Inflation on your Investments and [...]
What are Family Trusts?A family trust is a legal arrangement where assets are held and managed for the benefit of family members. It’s a flexible and tax-efficient way to: 1. Protect family wealth2. Distribute income and assets3. Plan for succession4. Minimize taxes and estate costs5. Ensure confidentiality Importance of Building [...]
Emotional investing is when the cycle of market conditions influences your investment decisions. Emotion and investing go hand in hand After all, emotions often motivate us to save. Love for our families, a need for security, and our hopes for the future are all powerful drivers when it comes to [...]
GDP Growth Rate; Measures economic expansion or contraction, impacting corporate earnings and stock prices. Inflation Rate: Affects purchasing power, interest rates, and currency value, influencing investment returns. Interest Rates: Impact borrowing costs, consumer spending, and investment decisions. Unemployment Rate: Indicates labour market health, influencing consumer spending and economic growth. Consumer [...]
Passive income refers to earnings that require minimal effort or involvement to maintain, allowing individuals to generate revenue without actively working for it. This type of income can provide financial stability, freedom, and security. Importance of Passive Income:1. Financial Independence: Passive income can help achieve financial independence, reducing reliance on [...]