Total assets managed by the Safaricom-backed unit trust scheme, Mali hit Sh1.4 billion in the year ended December 2023, new disclosures show.
A unit trust is typically a collective investment packaged under a trust deed and run by a professional fund manager. A fund manager may choose to invest in bonds or shares on the stock market, and the fund is split into units, which investors purchase—granting them access to mortgages, securities, mortgages, and cash equivalents.
