The Uganda Capital Markets Authority published updated market figures showing Uganda’s five licensed Collective Investment Scheme (CIS) managers held UGX 1.15 trillion in assets under management (AUM) as at end-March 2022, with 32,998 investor accounts. AUM increased to UGX 1,147.9 billion at end-March 2022 from UGX 977.6 billion at end-December 2021, a 17.4% rise, while investor accounts grew to 32,998 from 26,936 over the same period. The licensed CIS managers were UAP-Old Mutual Financial Services Limited, ICEA Lion Asset Management Limited, Britam Asset Managers Uganda Limited, Xeno Technologies Uganda Limited and Sanlam Investments East Africa Limited; the release also described CIS as offering access from a minimum of UGX 100,000 and investing across instruments including Government of Uganda Treasury bonds and bills, deposits, commercial paper, corporate bonds and equities.
Uganda Capital Markets Authority reports collective investment schemes reach UGX 1.15 trillion in assets under management
The Uganda Capital Markets Authority reported that as of end-March 2022, the five licensed Collective Investment Scheme managers held UGX 1.15 trillion in assets under management, marking a 17.4% increase from UGX 977.6 billion at end-December 2021, with investor accounts rising to 32,998.