UAP-Old Mutual reports growth but costs rise

UAP-Old Mutual Chief Executive Officer Peter Mwangi speaks during a media briefing on April 18, 2017. FILE PHOTO | NATION

Unit trust funds managed by UAP-Old Mutual Financial Services Uganda Ltd posted strong asset growth last year, but higher operating expenses are worrying investors as the firm seeks to review professional fees and trading activities.

Unit trust funds, commonly known as collective investment schemes, are financial products that allow small investors to pool their savings in a single basket, minimise risk through diverse investments and secure strong returns on their funds by employing financial experts.