Previous Next >> Unit Price. Acorn Group, a Kenya-based real estate developer, announced that it is set to build two hostels next to the University of Nairobi Chiromo Campus, along Science Crescent Road, off Riverside Road to host approximately 3,000 students. The table below highlights the performance of the banks that have released so far, showing the performance using several metrics, and the key take-outs of the performance. Net Interest Margin (NIM) declined to 7.6% from 8.4% in Q3’2019, owing to the faster 29.2% growth in average interest earning assets which outpaced the 21.8% growth in Net Interest Income (NII). Key take-outs from the earnings release include; For a comprehensive analysis, please see our KCB Group Q3’2020 Earnings Note, For a comprehensive analysis, please see our Equity Group Q3’2020 Earnings Note. Invesco Distributors, Inc., is the US distributor for Invesco Ltd.'s Retail Products and Collective Trust Funds. Overall, rental prices increased by 2.5% q/q and 4.9% y/y, with Ruiru recording the highest rental appreciation of 3.7% over the quarter. Unit trusts/OEICs; 12 November 2020 Update: Man GLG launches Asian equity fund for Andrew Swan. During the week, the Kenya Bankers Association released the Housing Price Index, November 2020 Report, highlighting that house prices contracted by 0.1% in Q3’2020, a marginal improvement from the 0.2% contraction in Q2’2020. Common types of investments undertaken by unit trusts … Banks with a large customer base who rely heavily on mobile money transactions are likely to take the biggest hit. The funds in the unit trust earn returns in the form of dividends, interest income, and/or capital gains depending on the asset class the funds are invested in. These are both line items that should be listed on your account statement or in the prospectus sent to you by the company if you have already invested in the UIT. The market is currently trading at a price to earnings ratio (P/E) of 10.0x, 22.8% below the 11-year historical average of 13.0x. Core earnings per share declined by 43.2% to Kshs 3.4, from Kshs 6.0 in Q3’2019, driven by a 60.1% growth in total operating expenses to Kshs 52.0 bn, from Kshs 32.5 bn in Q3’2019 which outweighed the 15.9% growth in total operating income to Kshs 69.1 bn, from Kshs 59.7 bn. During the week, the yields on the 10-year and 30-year Eurobonds, issued in 2018, remained unchanged during the week closing at 6.1% and 7.7%, as was recorded the previous week. The Other Funds include Income Funds, Growth Funds, Wealth Funds, Diversified Funds, and Bond Funds. Call Us 0860 947 366. The unique feature of a unit investment trust -- UIT -- is a set liquidation date. Please enquire QFR Quarter 4 Year 2018 from your agent and ask him to explain to you. The top five Money Market Funds in terms of growth rate recorded in Q2’2020 as highlighted below: During the period under review, the following Money Market Funds had the highest average effective annual yield declared, with the Cytonn Money Market Fund having the highest effective annual yield at 10.8% against the industrial average of 8.7%. By how much can you increase your monthly contributions per year? A fund’s total returns represent the change in the value of an investment in the fund. The average interbank volumes increased by 7.9% to Kshs 8.2 bn from Kshs 7.6 bn, as recorded the previous week. The variance in core earnings per share growth against our expectations was due to the 17.0% growth in total operating income to Kshs 64.1 bn, from Kshs 54.8 bn in Q3’2019, against our expectation of a 27.3% decline to Kshs 39.8 bn. This was supported by government payments, which partly offset tax receipts. Using the subsequent Yearbooks, new trusts … As defined above, Unit Trust Funds are essentially investment schemes that pool money from investors and are managed by a professional Fund Manager. The region accounts for 7.7% retail market share and its performance was mainly driven by low supply of malls in the region. The yield on the Cytonn Money Market Fund remained unchanged at 10.5%, similar to what was recorded the previous week. The average dividend yield is currently at 4.9%, 0.9% points above the historical average of 4.0%. 353563-P) Suite 12.02, 12th Floor, Kenanga International Building, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia Http://www.KenangaInvestors.com.my Back. Current performance may differ from figures shown. The allocation to these three asset classes in Q2’2020 was 35.2%, 7.9%, and 43.7% for bank deposits, securities listed on NSE, and securities issued by the Government of Kenya, respectively in Q2’2020. The balance sheet recorded an expansion as total assets increased by 37.9% to Kshs 933.9 bn, from Kshs 677.1 bn in Q3’2019. Top Performing Daily. There are many types of unit trusts that are designed to offer investors a range of different benefits, depending on their particular needs. This is plainly illustrated by the performance of South African unit trusts over the last 10 and 25 years. Having a medium risk profile, Balanced Funds carry a high potential for growth in the near future as they are suitable for pension schemes, treasury portfolios of institutional clients, co-operatives, and high-net-worth individuals amongst others, and. To register for any of our Wealth Management Training, click. The performance persistence tests of the unit trusts is examined between January 1982 and December 1996. When Should You Invest in Mutual Funds and Unit Trusts? This growth was driven by an 83.9% rise in investment in government and other securities to Kshs 236.2 bn, from Kshs 128.5 bn in Q3’2019. Unit trusts let you pool your money with thousands of other investors and spread it across a large number of investments to reduce your risk. We expect the positive accolades to boost investor confidence in the sector coupled by; improved security, political stability, and improving infrastructure. A unit trust can also be referred to as a collective investment scheme or a mutual fund. The local share market declined by more than 11% in 2018. A fund house's fund name would reflect these. The yields on all the three papers, 91-day, 182-day and 364-day increased marginally by 1.0 bps, 4.0 bps and 5.0 bps to 6.7%, 7.1% and 8.0%, respectively; During the week, the equities market was on an upward trajectory, with NASI, NSE 20 and NSE 25 recording gains of 1.9%, 1.1% and 2.5% respectively, taking their YTD performance to losses of 32.6%, 13.5% and 20.0%, for NSE 20, NASI and NSE 25 respectively. Top 5 Performing Funds For Short Term Investment (1 - 5 Years) If you’re investing for short term gain, typically within 3 months to 5 years, you must make sure that the fund you’re investing can give a higher return than fixed deposit rate, which averages around 3%. I’m an Unit Trust Consultant and I can tell you that unit trust investment is heavily based on the market performance. In this topical, we focus on the Q2’2020 performance by Unit Trust Fund Managers, where we shall analyze the following: Section I: Performance of the Unit Trust Funds Industry. What percentage of your current income will you require at retirement? Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc. and broker dealers including Invesco Distributors, Inc. If you’re coming into the market by year 2018, then big chances that you’re losing money. The 280 SQM four bedroom duplex units are valued at Kshs 40.0 mn for the upper floor units and Kshs 42.5 mn for the lower floor units. Despite their high TERs, the unit trusts we examined actually underperformed their respective indexes over a 10-year period. The table below shows upper mid-end residential apartments performance in Q3’2020; (All values in Kshs unless stated otherwise), Upper Mid-End Residential Apartments Performance, Q3’2020. Key takeaways from the table above include: *Target Price as per Cytonn Analyst estimates, **Upside/ (Downside) is adjusted for Dividend Yield, ***For Disclosure, these are banks in which Cytonn and/ or its affiliates are invested in. This is plainly illustrated by the performance of South African unit trusts over the last 10 and 25 years. The launch of Loft Residences follows the successful completion and handing over of the developer’s two projects, Awali Estate at Vipingo Ridge in Kilifi County and Pearl Marina apartments in Entebbe in October 2020, and the recent launch of 365 Pavilion Place Apartments in Ruaraka and 265 Elmer One in Kasarani. Land prices within Nairobi suburbs softened recording a 0.9% decline over the quarter, and 2.2% on an annual basis while satellite towns recorded a marginal drop of 0.1% q/q, attributed to suppressed demand, and an overall increase of 0.5% y/y. During the week, the yields on the 2019 dual-tranche Eurobonds remained relatively stable, with the 7-year Eurobond increasing marginally by 0.1% points to 5.7%, from 5.6% recorded last week, while the 12-year Eurobond remained unchanged closing at 6.9%, as was recorded the previous week. Liquidity in the money markets increased during the week, with the average interbank rate declining by 0.5% points to 2.9%, from the 3.3% recorded the previous week. Balanced Funds offer investors a reasonable level of current income and long-term capital growth, achieved by investing in a diversified spread of equities and fixed income securities. Risk averse investors invest in Money Market Funds in times of high stock market volatility. Using the 1982 Yearbook, all trusts with UK General, UK Income and UK Growth objectives were identified. We explore the validity of different benchmark specifications used to evaluate U.K. fund performance, and we examine the sensitivity of U.K. unit trust performance to the factor benchmark specification and two performance measures. Yet, investors pay active fund managers high fees with the expectation that they can outperform the market. Unit trusts offer an easy, convenient and affordable way to invest in shares and other asset classes. The rise in the investments in government securities is mainly due to the bank's cautious stance with regards to lending. Old Mutual Unit Trusts … The price of units and distribution payable, if any, may go up or down. The growth was supported by a 37.2% increase in the government securities to Kshs 185.3 bn, from Kshs 135.1 bn, coupled with a 30.1% increase in loan book to Kshs 453.9 bn from Kshs 348.9 bn in Q3’2019. Compare this to the SPDR STI ETF performance, the SPDR STI ETF has returned 4.04% annually over the last 10 years. Unit Trust products are not insured by PIDM. Despite the rise in interest income, the Yield on Interest Earning Assets (YIEA) declined to 10.2% from the 10.5% recorded in Q3’2019, an indication of the increased allocation to lower-yielding government securities by the sector. Other unit trust options. Comparing Unit Trust Funds AUM Growth with Bank Deposits Growth, and. There are many types of unit trusts that are designed to offer investors a range of different benefits, depending on their particular needs. For Pension Scheme Trustees and members, we shall be having different industry players talk about matters affecting Pension Schemes and the pensions industry at large. Calculate how much to save for retirement. The development will consist of 704 units on 18-floors. The unit trusts are legally the property of the minor. Interest expense rose by 20.8% to Kshs 15.4 bn, from Kshs 12.8 bn in Q3’2019, following a 23.6% rise in interest expense on customer deposits to Kshs 14.0 bn from Kshs 11.3 bn in Q3’2019. For example, if a fund name reads "Yellow Pebble Asia Energy Equity Fund", this means that the fund is managed by a fund house called "Yellow Pebble" which invests in equity stocks of companies in the energy sector that are listed in Asia. Name: NAV: Yield 27 FOUR ASSET SELECT PRESCIENT FOF A : 176.29 - 27 FOUR BALANCED PRESCIENT FUND OF FUNDS : 2165.53 - 27 FOUR EQUITY PRESCIENT … During the period of review, Unit Trust’s Assets Under Management (AUM) grew by 15.1% to Kshs 88.1 bn, from Kshs 76.5 bn as at Q1’2020. Owing to this uncertain environment, our view is that investors should be biased towards short-term to medium-term fixed income securities to reduce duration risk. What is a unit trust? A unit trust operates under the concept of pooling resources and investing in different interest-earning ventures including equities, bonds, bank deposits, and local and international markets. JMMB Funds (Unit Trust) How bright do you want your future to shine? The government accepted Kshs 7.9 bn out of the Kshs 8.0 bn worth of bids received, representing an acceptance rate of 99.3%, which can be attributed to the undersubscription. The balance sheet recorded an expansion as total assets grew by 27.2% to Kshs 972.0 bn, from Kshs 764.3 bn in Q3’2019. House prices recorded sluggish growth increasing by 0.3% over the quarter and 2.3% on an annual basis, attributable to reduced transactions as investors adopt a wait and see approach in the midst of uncertainty and reduced disposable income. Coronation does not charge any initial or upfront fees to invest in our unit trust funds. The reports are included in the Documents section of all of our trust product pages. The use of technology as a distribution channel for mutual fund products opened up the fund manager to the retail segment, which is characterized by strong demand among retail clients for convenient and innovative products. Do you see all the possibilities that wait for you down the road? Performance; Historical Pricing; Featured Idea; Calendar; Primary Trusts Hide table detail rows. What is the total of your current retirement savings? Bank deposit growth at 18.5% outpaced UTFs growth of 15.1%, and save for the year 2019, bank deposit growth usually outpace UTFs growth, an indication that our capital markets potential and growth remains constrained, and. Please enquire QFR Quarter 4 Year 2018 from your agent and ask him to explain to you. The performance was driven by a 50.7% increase in total operating expenses, outpacing the 17.0% growth recorded in total operating income. Mutual Funds/ Unit Trust Investment Results Can Beat Fixed Deposits Returns While initial deposit and additional investments may vary depending on the fund, Money Market Funds present a low risk, affordable and high-yielding investment opportunity for investors and capital preservation, a key feature of MMFs. Get up to date performance figures on the IA Unit Trusts & OEICs, including annual, cumulative and discrete performance details, interactive charting options and more. Muthaiga detached units recorded the highest quarterly price appreciation of 1.4% while apartment’s prices in Thika posted the highest increase at 1.8% q/q. The local share market declined by more than 11% in 2018. Mutual Funds/ Unit Trust Investment Results Can Beat Fixed Deposits Returns Yields on interest-earning assets declined to 10.3% from 10.5% in Q3’2019 attributable to a faster 13.7% growth in average interest-earning assets, outpacing the 4.9% growth in trailing interest income. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares. A unit trust is a fund which adopts a trust structure; not all funds use a trust structure. However, with the existing pandemic, the performance is expected to slightly go down as most retail chains scale down their operations to cushion themselves against the pandemic. Nevertheless some of the challenges expected to face the sector include; i) exit by some retailers to cushion themselves against the impact of the COVID-19 pandemic, ii) growing focus on e-commerce thus reduced demand for physical space, iii) the existing oversupply of 2.8 mn SQFT of retail space in certain locations which is likely to result in pressure on landlords to provide concessions and other incentives to attract new clientele or retain existing tenants, and, iv) reduced consumer spending power attributed to the tough economic environment. This was driven by a 24.4% increase in interest income on loans and advances to Kshs 36.0 bn, from Kshs 29.0 bn in Q3’2019, coupled with a 21.9% increase in interest income on government securities to Kshs 15.4 bn, from Kshs 12.6 bn in Q3’2019, Yield on interest-earning assets declined to 10.1%, from 10.9% in Q3’2019, due to a faster 29.2% growth in average interest- earning assets, which outpaced the 19.9% growth in trailing interest income. At Investonline, we believe that providing our clients with concise and accurate data is the very basic element of our service and is to be expected across all of our dealings. The move by the retailer to invest in the Nanyuki retail market is supported by; i) positive demographics with Nanyuki having a population of 72,813 as of 2019, 47.9% higher than 49,233 recorded in 2009, according to the Kenya National Bureau of Statistics (KNBS) Population and housing census report, ii) the attractiveness of the region as a tourist hub as Nanyuki hosts key tourist attractions such as the Ol Pejeta Conservancy and Mount Kenya National Park, and, iii) a growing middle class with increased consumer purchasing power. Past performance is not an indication of future performance. The performance data quoted represents past performance, which does not guarantee future results. According to the Central Bank of Kenya data, the average deposit rate during the quarter declined to 6.9%, post the removal of the deposit rate cap floor in August 2018, from an average of 7.8% when the legislation was in place. During the week, T-bills were oversubscribed, with the overall subscription rate coming in at 126.6%, up from 115.9% the previous week, mainly driven by the high liquidity in the money markets. The focus on the concept is supported by; i) student housing deficit which is driven by continued increase in student numbers, ii) expanding middle class leading to growth in disposable incomes thus driving student mobility as more people seek quality higher education, creating more markets for student housing, iii) hedge against economic headwinds as student enrolment increases every year despite the economic climates, and, iv) attractive returns- according to Cytonn’s topical Student Housing Market in Kenya, student housing posted relatively high rental yields averaging 7.4% and surpassing Mixed-use developments (MUDs) and residential sectors with 7.3% and 5.0%, respectively, as shown below: We expect the residential sector to record increased activities supported by the continued launch of projects and focus on student housing accommodation as the real estate sector continues to witness gradual recovery from the effects of COVID-19 pandemic. As per the regulation, funds in MMFS’ are invested in liquid interest-bearing securities that have a weighted average maturity of less than 12-months. Total liabilities rose by 30.0% to Kshs 836.1 bn, from Kshs 643.1 bn in Q3’2019, driven by a 31.7% increase in customer deposits to Kshs 772.7 bn, from Kshs 586.7 bn in Q3’2019, with customer deposits from NBK amounting to Kshs 102.6 bn in Q3’2020. Discover how Old Mutual unit trusts have performed over various time periods and compare the results to the inflation rate. Dealing costs are shared and all the administration and paperwork is done for you, at a tiny fraction of the expense of doing it yourself. You buy units with the investment you make in a unit trust. However, in Kenya businesses rely on banks for a staggering 99.0% of their funding; with less than 1.0% coming from Capital Markets. 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