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: [...]
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 [...]
Retirement can be a significant life transition, and individuals may face various challenges during this phase. Here is why you should save for retirement now and the common challenges faced in retirement: Relatable Challenges Associated with Retirement Emotional and Psychological Challenges: 1. Loss of purpose and identity 2. Social isolation [...]