Kenyans are increasingly turning to fund managers to invest for them, saving themselves the hustle of choosing a share, opening a CDS account, finding a stock brokerage firm, stock picking, and knowing when to sell while they track their profits on mobile phone applications.
With many people using mobile phones to invest as little as Sh1,000, a fund manager puts the pooled money in stocks, bonds, and debt, and the investor watches it earn interest and withdraw the money in a matter of days. This is what is driving a surge in unit trust. So what is a unit trust?
