Unit trust returns hit double-digits as fund managers eye new investors

Economy and financial growth by investment in valuable stock market to gain wealth profit form currency trading.

Unit trusts have raised their annual returns to keep up with elevated rates. PHOTO | NMG

Unit trusts have raised their annual returns to keep up with elevated rates on government treasuries and bank fixed deposits as they look to protect their ability to attract new investment flows.

Analysis of annual rates on shilling-denominated money market funds shows returns falling between 11.6 percent and 15.96 percent as at December 15—with an average of 13.5 percent for the 14 funds reviewed.

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Note: The results are not exact but very close to the actual.