CMA testing unit trust mobile app

Capital Markets Authority (CMA) CEO Wycliffe Shamiah. PHOTO | DIANA NGILA | NMG

A company has developed a mobile application, Cashlet App, for retail investors seeking to buy a diversified package of stocks and fixed-income investments like government debt paper.

Currently, such investment services called unit trusts are being offered by fund managers but Sycamore Capital Limited wants to link them to a mobile platform that makes it easier to sign up customers, invest and exit.

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