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ICEA Insurance Ventures Into Unit Trusts.
Byline: Tom Magumba
Ugandans with reasonable sums of money but which may not be sufficient for direct investment in the stock market now have an option of pooling money for investment through the newly introduced Insurance Company of East Africa unit trusts.
Insurance Company of East Africa (ICEA) last week announced the launch of a Money Market Fund, Growth Fund, and Equity Fund targeting individual investors as away of cushioning them against the risks of being directly involved in the stock market.
A unit trust is a form of investment where investors pool money for investment and benefit from economies of scale to diversify their investment …
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