A unit trust is a pool of savings by like minded serious investors. Old Mutual invests their pool of money in a spread of investments (a combination of interest bearing securities, company shares & cash) on the Nairobi Stock Exchange.
This assortment of securities is called a portfolio. Each person receives units depending on his/her investment. Each unit has the same value and is an undivided share of the portfolio.
The following are our unit trusts funds:
Old Mutual Money Market Fund
Old Mutual Equity Fund
Old Mutual Balanced Fund
Click here to fill in our Risk Assessment form to see which fund is best for you
You will be required to fill out an Old Mutual Unit Trust Application form. All mandatory fields (indicated by an asterix *) must be completed or the form will be deemed incomplete. You should familiarize yourself with all declarations present on the form.
Please ensure that the information provided on the Application form is correct. Should personal details change, Old Mutual should be notified in writing.
Application forms can be obtained from our offices, our sales agents and can also be downloaded from our website
Old Mutual Unit Trusts is currently offering 3 unit trust funds. The Old Mutual Money Market Fund: This will principally invest in government debt instruments. It has minimal risk and offers attractive returns in comparison to current accounts making it an ideal product for clients seeking a ‘parking lot’ for their funds.
The Old Mutual Equity Fund: This will invest in company shares that are listed on the Nairobi Stock exchange. It will buy stock from reputable companies displaying a strong potential for growth. This is a high-risk fund since it is subject to the volatility of share prices moving up and down. The minimum recommended investment period for this fund is five years.
The Old Mutual Balanced Fund: This invests in listed shares listed on the NSE - up to 50%. Offshore deposits - These includes stocks held in Dollar, Euro or Pound denominated securities - up to 10%. ear cash deposits - up to 40%. Clients are advised to invest for at least five years if they are seeking to attain capital growth through investing in this fund.
You must be aged above 18 years. However for parents who would like to open unit trusts accounts for minors they can do so under their name, until the beneficiary comes of age.
You must not be resident in any jurisdiction where such an investment would be unlawful.
You are advised to satisfy yourself that you are permitted to make this investment under any tax regulations or other legislation, which might affect you.
You need not be a private investor: companies and trusts may also effect a unit trust investment.
If the plan is to be held in joint names, both investors must conform to the above requirements for eligibility
You must be aged above 18 years. However for parents who would like to open unit trusts accounts for minors they can do so under their name, until the beneficiary comes of age.
You must not be resident in any jurisdiction where such an investment would be unlawful.
You are advised to satisfy yourself that you are permitted to make this investment under any tax regulations or other legislation, which might affect you.
You need not be a private investor: companies and trusts may also effect a unit trust investment.
If the plan is to be held in joint names, both investors must conform to the above requirements for eligibility
Step 2
To become an Old Mutual Client you need to:
Fill out an Old Mutual Application form and sign
A copy of ID particulars / passport to authenticate signature
A certified or most recent bank statement or ATM card to authenticate banking details
The minimum payment for one Old Mutual Funds is Ksh 500, 000.
No cash is accepted at Old Mutual offices but banker’s cheques are acceptable. Alternatively, a deposit can be made direct into the respective fund’s account. This can done at any KCB branch countrywide. A receipt will be issued for very purchase.
Contact an Old Mutual Agent: Our sales representatives are familiar with all the processes and can assist you in obtaining application forms, delivering your cheques to us etc
Proof of payment as well as a completed application form will result in you becoming an Old Mutual client. A unit trust account number will be allocated.
Clients will then receive a letter of acknowledgement. The client will receive a statement at the end of every month showing all transactions that occurred within the month.
Click here to download an Application Form
Minimum Payment
The minimum investment lump sum for Old Mutual Unit Trust Funds is Ksh 500, 000. There is no maximum contribution. Additional units will be issued for additional contributions.
Once a completed Application form and monies are received you will be awarded an Old Mutual Unit Trust account number and will receive a letter of acknowledgement from Old Mutual. Deposits received up to 12 noon will receive value (the unit price) of that particular day. After midday, value will be given from the following day, and if that happens to be a Friday, value will be from the following Monday.
Fund Prices
The selling price is the price at which the clients will purchase units from Old Mutual, while the buying price is the price at which investors sell their units back to Old Mutual.
Click here to view The Old Mutual Money Market Fund Prices
Click here to view The Old Mutual Equity Fund Prices
Click here to view The Old Mutual Balanced Market Fund Prices
Additional Purchases
You will be able to make additional purchases into your Old Mutual Fund Account. This may be completed in writing by filling out a Buying form.
This can either be faxed or mailed to us at our registered address (Please link to contact us section) Please note: The minimum amount of paying monthly or topping up your investment is KSh 50,000.
Step 3
REGISTRATION
To be eligible for direct account access you have to be an existing Old Mutual Unit Trust Account Holder.
You will have to:
Click on the Register link or click here
Fill out a registration form online to provide us with your personal details.
Read the legal terms and conditions of transacting online. You will have to check on the tick box that you accept the legal terms and conditions before it lets you proceed.
To affect any type of change at Old Mutual written documentation is required. The following is a guideline to ensure that you always carry the right and complete supporting documents with you to ensure successful processing:
Change Of Name Written instruction from the unit holder -signed and dated accompanied with: Certified copy of marriage certificate Legal document endorsing name change
Change Of Address Written instruction from the unit holder -signed and dated A copy of a utility bill reflecting new address (not mandatory)
Change Of Banking Details Written instruction from the unit holder -signed and dated accompanied with: Copy of a cancelled cheque / Most recent bank statement / ATM card
Change Of Beneficiary Written instruction from the unit holder - signed and dated accompanied with personal details of the appointed beneficiary: Full names and id particulars
If you wish to close your account, this is only possible on the first working day of each month. This requirement is to enable us to pay out all interest earned for the full month, and to avoid small balances for part interest. Interest cannot be paid out during the month.
The Main parties involved with the trust are you (the investor), the Fund Manager, the trustee and the custodian:
The investor (you) invests his monies with the Fund Manager and receives units in return which may earn interest and dividends depending on the fund type, fund performance etc
The Fund Manager (Old Mutual Unit Trusts) utilizes the funds received from the investor to purchase securities contained in the unit portfolio. It invests the funds, markets the units and performs administrative functions
The trustee (Kenya Commercial Bank) protects the interests of the unit holders ensuring that the Fund Manager is performing its duties in accordance to the Act and is investing the funds in accordance to the prescribed investment policy of the unit trust fund.
The custodian (Kenya Commercial Bank) holds the underlying securities in trust for the investors.
No they are not. Unit trust fund values may change on a daily basis and there is no guarantee on the repetition of past performance. However the unit holders own the unit trust fund and the fund is a separate legal entity from the Fund Manager. Further more the custodian holds assets of the trust on behalf of unit holders. No they are not. Unit trust fund values may change on a daily basis and there is no guarantee on the repetition of past performance. However the unit holders own the unit trust fund and the fund is a separate legal entity from the Fund Manager. Further more the custodian holds assets of the trust on behalf of unit holders.
Yes you can. A unit holder can open more than one unit trust account if they please. However it is more cost effective to hold one account so that fees / charges are not applied to each account individually.
Yes. You are able to open the unit trust account in the minor’s name. As the parent or legal guardian, you will be required to sign all documentation until the minor reaches the age of 18.
This is strongly correlated to the investors’ personal investment goals but generally: For the Old Mutual Money Market Fund, which is a low risk fund and considered a safe haven ‘parking lot’, the investor can invest their funds for one to three years or even shorter. For the Old Mutual Equity Fund, which is a high-risk fund, the investor is encouraged to invest in the fund for a minimum period of five years, to allow growth and to benefit from the different market cycles. For the Old Mutual Balanced Fund, which is a medium risk, the investor is advised to invest in the fund for a recommended minimum period of three to five years.
To register for this value added service one would have to be an existing unit holder first.
The client would be able register online by filling out their personal details and hitting submit.
The client will then be referred to a legal terms and conditions section which they would be expected to read and print it out and return a dated and signed copy to Old Mutual Unit Trusts.
The Client Services Department will then call you to pick up your PIN # or will send it by registered mail if you live outside Nairobi.
It is the your responsibility to keep your passwords safe at all times and not to use easy passwords such as:
Part of your Identification number
Date of birth
Or any other passwords that may be similar to other passwords held with other institutions.
For joint account holders or corporate accounts there will only be one User ID and password. (This will be the primary account holder in the case of joint accounts & the contact person in the case of Corporate as specified from the Application form)
Your personal security question can be used to help you remember your password should you ever forget it.
You can change your password anytime by selecting change my passwordon the Login section
To register for this value added service one would have to be an existing unit holder first
The client would be able register online by filling out their personal details and hitting submit
The client will then be referred to a legal terms and conditions section which they would be expected to read and by completion of the registration online form it is deemed that they have understood and agree to comply
You will have to check on the tick box that you accept the legal terms and conditions before it lets you proceed
Old Mutual Unit Trusts is currently offering two unit trust funds.
The Old Mutual Money Market Fund: This will principally invest in government debt instruments. It has minimal risk and offers attractive returns in comparison to current accounts making it an ideal product for clients seeking a ‘parking lot’ for their funds.
The Old Mutual Equity Fund: This will invest in company shares that are listed on the Nairobi Stock exchange. It will buy stock from reputable companies displaying a strong potential for growth. This is a high-risk fund since it is subject to the volatility of share prices moving up and down. The minimum recommended investment period for this fund is five years.
Unit-holders are encouraged to select the most efficient payment for reasons expounded upon in the foregoing paragraphs. The possibilities are--
Cheques All cheques will be payable to the respective Fund that the clients wants to invest their money. This means that all payments should be made directly to the fund and in the Fund’s name, for instance ‘Old Mutual Money Market’ or Old Mutual Balanced Fund’ or Old Mutual Equity Fund.’ Cheques should be preferably Bankers cheques however we do accept personal cheques which need more time to clear with the Bank
Electronic Funds Transfer (EFT) This is where remittances are made electronically via a file in a particular format compliant to the banks' clearing house requirements. Unit-holders who have this electronic platform to effect payments directly or through their bankers may pick this method. The value date: roughly 3 working days from the time the EFT files are uploaded at the respective sources, but instant value on 'hitting' our statements.
Direct Debits This process will involves the clients giving Old Mutual the requisite mandate or instructions to collect funds from them (that is, their accounts). It will be effected by the clients signing debit order forms. Accordingly, the Kenya Bankers Association is currently working out the necessary operational procedures and legislation. The expediency of this payment mode hinges on its remarkable flexibility, principally for unit-holders who will be 'topping up' their investments on a regular basis, for example monthly
No, unfortunately you cannot. Old Mutual Unit Trusts accepts other modes of payment such as telegraphic transfer, electronic funds transfer, money orders, banker’s cheque and standing / debit orders.
Old Mutual Unit Trusts will issue certificates on a case-by-case basis. This request must be made in writing.
Normally clients who are seek to use their unit trust account as a guarantee against a loan or credit from a financial institution who will ask for a unit Trusts certificate. The client will meet all costs related to issue and stamp duty payable on the certificate. Currently the charge is Ksh 100 fro every certificate and Kshs 5,000 for certificate loss.
No dealings on units represented by a certificate can take place without the certificate being produced. Old Mutual Unit Trusts will not accept a request to sell units without verification from the financial institution that the loan has been cancelled / cleared and that the client has returned the certificate back to Old Mutual Investment Services Ltd.
For clients who would like to obtain value of their unit trust account, the monthly statements are adequate and can also be used as an evidence of entitlement. Current, most major commercial banks and Savings and Co-operative societies accepts the Old Mutual Investment Services Ltd. Certificates.
Old Mutual Unit Trusts will issue certificates on a case-by-case basis. This request must be made in writing. The client is advised to give adequate time for its preparation and final delivery.
Normally clients who are seek to use their unit trust account as a guarantee against a loan or credit from a financial institution who will ask for a unit Trusts certificate. The client will meet all costs related to issue and stamp duty payable on the certificate. Currently the charge is Ksh 100 fro every certificate and Ksh 5 000 for certificate loss.
The investor must present an affidavit signed before the commissioner of oaths accompanied by a police abstract indicating that the loss of certificate has been reported. This letter indemnifies Old Mutual Unit Trusts against any losses it may suffer if a third party sells or transfers the units. The certificate will then be cancelled thus declaring it null and void and we will reissue another certificate. The client is charged a stiff reissue charge of Ksh 5000 is applied for this circumstance.
The unit trust fund is taxed at source. The withholding taxes are paid direct to the government therefore all distribution amounts are distributed net of tax. The unit holder therefore does not receive any tax certificates from the Fund Manager. There are no capital gains tax charged on the profit made as a result of the disposal of shares.
Unit trusts are currently exempt from tax. This was an incentive that was given by the Ministry of Finance and announced in the Budget 2002 speech to promote the growth of the industry
A transfer is the transfer of ownership from one person to another within the same unit trust fund. This can occur due to death, crediting a beneficiary or a third party etc. A client can transfer units to a person who is not an existing unit holder provided that a new application form is filled accompanying the transfer form. A switch is when the owner remains the same, but the unit holding is moved from one fund to another. Unit holders can switch a portion if they would like to diversify their portfolio. The minimum investment lump sum is still a necessary requirement for above transactions.
Switches
This is movement of monies from one unit trust fund to another.
This instruction must be submitted in writing (fill out Switching form)
Old Mutual promotes flexibility by allowing you to switch from one fund into another. You are allowed one free switch per quarter after which you will be subject to a standard switching frequency fee.
You are still expected to maintain the fund minimum of Ksh 250,000 when switching onto a new fund.
Charges
Switching from:
Money Market to Equity Fund - Initial fee differential
This is the transfer of ownership from one person to another. Transfers occur within the same unit trust fund.
This instruction must be submitted in writing (Click here to download the Transfer form)
You are allowed one free transfer a month after which you will be subject to a standard transfer frequency fee.
Additions to the Transfer Form
If a transfer is requested as a result of death occurring to a unit holder, the named beneficiary (either stated on the application form or through the courts) must attach a copy of the death certificate.
If the beneficiary / transferee is not a client at Old Mutual a new Application form would be required along with the transfer form.
If the transfer is requested as a result of one joint account member wishing to have his name removed from the account, both joint owners should fill out and sign the transferor section on the transfer form and the individual wishing to leave fills out the transferee section.
Adjustments
This transaction is a result of an error either made by you, your broker / agent or Old Mutual. On completion of this form Old Mutual will rectify the error on your account. This instruction must be submitted in writing (fill out adjustment form) Although we do not envision many transactions of this type, clients are strongly encouraged to study their monthly statements carefully and report any discrepancies to our Client Services Department to ensure speedy correction.
This is a comparative notion by bankers which refers to the effective time when clients are able to draw funds deposited into their accounts. It variously designates the duration between deposit time and clearance time.
The time when monies 'hit' the bank statements is referred to as the transaction date; this date is not really appropriate to apply as far as investments are concerned, owing to the fact that the respective monies are "not available" to be invested. It is in this connection therefore that the concept of value date becomes critical with resultant significance to both Old Mutual Unit Trust Funds and its unit-holders.
Old Mutual unit trust investments are extremely time sensitive owing to the price susceptibility and the underlying risks of the various investment vehicles. In view of that, clients are encouraged to opt for the most efficient modes of payments in order to secure a value date for their investments at the earliest time. Old Mutual Unit Trusts will only be awarding value (allocating a price and units ) to a client's account on cleared funds.
The various payment modes can be represented along the continuum below:
The acceptable payment modes and the applicable information are described in the ensuing paragraphs as under: -
Currency
Payments are to be made in the Kenyan currency, that is, the Kenya Shilling [KSh] as all transactions in respect of purchases, redemptions and distributions will be recorded and reflected in this currency. However, Old Mutual maintains a sterling pound account for our foreign and other clients who would like to be remitting monies in British pounds--conversions thereof will take cognizance of both the temporal exchange rate and the value date(s).
Old Mutual Unit Trusts publishes the selling price of its unit trust funds in two of the local newspapers (The Nation and The Standard) on a daily basis. This selling price will also be reflected daily on our website. All you have to do is simply multiply the buying price by the number of units you own in the fund. Alternatively, you can call our client services department and one of our staff will be more than happy to help you. Please note: Prices for the day are calculated at the end of the business day concerned. Therefore the prices quoted in the daily newspapers are the previous day’s dealing prices.
Yes, we do accept instructions received by fax provided that it is legible. A free format letter or a switch, transfer, buying form, selling form etc can all be faxed to us. However Old Mutual Unit Trusts must have an original copy of the Application form.
Please note: No changes can be made over the phone.
A unit holder can contact our client services department at 2829333 and can also email us questions via the internet.
Old Mutual Unit Trusts is currently offering two unit trust funds.
The Old Mutual Money Market Fund: This will principally invest in government debt instruments. It has minimal risk and offers attractive returns in comparison to current accounts making it an ideal product for clients seeking a ‘parking lot’ for their funds.
The Old Mutual Equity Fund: This will invest in company shares that are listed on the Nairobi Stock exchange. It will buy stock from reputable companies displaying a strong potential for growth. This is a high-risk fund since it is subject to the volatility of share prices moving up and down. The minimum recommended investment period for this fund is five years.
Provided that the email used is the designated e-mail in file and payment is to the current banking details on file
Another option is to fax selling instructions to 254-02722415 (fill out a selling form available online or fax a letter
Your money will be sent by electronic bank transfer to your designated Bank account on file. Instructions should reach us by 9am Monday to Friday to get value for that day. Old Mutual Units Trusts client’s money is credited within five working days. All payments shall be remitted to your bank account within a maximum period of six business days as per the CMA Act. Allow full time period for banks not registered at the clearinghouse. Old Mutual grants its clients one free withdrawal a month to your designated bank account. Any withdrawal after this will be subject to a standard withdrawal frequency charge of KSh 800 applied to all clients who withdraw more than once a month from their fund account. The minimum payment threshold for all withdrawals is KSh 1000.
The Initial Fee Investors wishing to invest into the Old Mutual Fund will be charged a preliminary charge known as the 'initial fee.' The Charge varies with the fund type. Equity Fund 5%, Balanced Fund 4%. This charge caters for all the compulsory costs incurred as a result of creating a price. This includes brokerage fees and stamp duty payable on the purchase of securities.
The initial charge depends on the cumulative amount invested by an investor in an individual fund account and the percentage charged decreases as the cumulative amount invested increases.
This fee is applicable to the Equity fund only.
Investment Amount
Initial Fee Applied
Ksh 500,000 - Ksh 999,999
5%
Ksh 1,000,000 - Ksh 2,999,999
4.75%
Ksh 3,000,00 - Ksh 4,999,999
4.5%
>Ksh 5,000,000
4%
This fee is applicable to the Balanced fund only.
Investment Amount
Initial Fee Applied
Kshs. 500,000 - Kshs. 999,999
4%
Kshs. 1,000,000 - Kshs. 2,999,999
3.75%
Kshs. 3,000,000 - Kshs.4, 999,999
3.5%
>Kshs. 5,000,000
3%
Management Fee Old Mutual Investment Services will be entitled to charge its clients a fee for carrying out the professional management and administration of the unit trust fund. This is an annual charge of 2 % which is calculated daily but expressed as a percentage of the average month-end market value of the total assets comprising the fund.
The unit holder thus gets debited for this monthly from the income accruals of the fund. This is deducted before the funds are distributed. It is known as the 'service fee' and it also caters for all payments the Fund manager has to make to third parties who are involved in the unit trust chain. These include:
The Custodian
The Trustee
The Auditors
The Agents / Brokers
This fee is applicable to all Old Mutual funds.
These Payments May Be Made To the Fund Manager Provided That:
If the amount of the charges changes, then details of any previous amount, the rate or method may be obtained from the Fund Manager on request.
A ninety day notice in writing after obtaining approval from the trustee would also be given to unit holders of the Fund Manager's intention, to introduce a new charge or to propose a change in the rate, amount or method, which.
When any of the Fund Manager's charges are modified, the modification shall be expressed so as to apply only to units issued only after the date on which the modification takes place.
TRANSACTIONAL BASED CHARGES; NON-MANDATORY CHARGES The following is a summary of all the charges that are triggered by transactions, requests etc: Ledger Fee: This will be charged against all clients who have balances below the minimum investment amount of Ksh 150,000.
This is a monthly 'penalty' fee which will be charged on a tiered scale. Please refer to section on below balances for exact fees. Investors are encouraged to maintain the minimum account balance of above Kshs 150, 000. Withdrawals that put you below Kshs 150,000 make you eligible for a sliding scale of ledger fees charged on a monthly basis
Below Minimum Balance
Applied Ledger Fee in Kshs per month
Ksh 149, 999 - Ksh 100,000
Ksh 1000
Ksh 99, 999 - Ksh 70,000
Ksh 1500
Ksh 69,999 - Ksh 50,000
Ksh 2000
Ksh 49,999 - Ksh 40,000
Ksh 3000
Ksh 39,999 - Ksh 20,000
Ksh 4000
<Ksh 20,000
Ksh 5000
Please note: If you have opted to have your interest paid out monthly, or are part of a Cash Flow Plan, this transaction is not included in the breakdown outlined above.
Withdrawal Frequency Fee: This is a standard charge of Ksh 800 applied to all clients who withdraw more than once a month from their fund account. All unit holders are allowed one free withdrawal a month before being subject to fees.
Switching Frequency Fee: This is a standard charge of Ksh 800 applied to all clients who switch from one fund into another more times than the allowed requirement. All unit holders are allowed one free switch per quarter before being subject to fees.
Transfer Frequency Fee: This is a standard charge of Ksh 2500 applied to all clients who transfer units within the same fund more than once a month from their unit trust account. All unit holders are allowed one free transfer a month before being subject to fees.
Stamp Duty: This fee is payable for all clients requesting the issue of a certificate.
Certificate Issue Charge: All clients requesting the issue of a certificate for the purposes of securing a loan would be subject to a fee of Ksh 500. This is to cover the costs, time and effort borne by Old Mutual to generate this certificate.
Certificate Loss / Defacing Charge: Any client who loses or defaces their certificate thus requiring a replacement will be charged a stiff penalty reissue charge of Ksh 5000.
General Adjustment Sale: This will be charged against the client's account if an incorrect instruction was given to Old Mutual and the instruction processed. If the adjustment / rectification of this mistake resulted in a loss, the client would be debited the equivalent sum of this loss.
Ad Hoc Statement Printing: This is a standard charge of Ksh 100 that will be charged to all clients who request to have a printout of their statements, account balance, transactional history on an ad-hoc basis. All of the above can be emailed to the clients free of charge and can also be obtained from the Old Mutual website. Statements are sent out monthly to all unit holders.
Cheque Request Charge: All clients / agents who request to receive any amounts payable to them such as distribution payouts, redemptions, commissions etc in the form of a cheque from
Payouts Old Mutual incurs a charge of Ksh 100on a ll payouts through an EFT.
Please note: If you are still not sure of the fees or requirements involved in becoming / being a unit holder please call our Client Services Department or contact an Old Mutual Sales Agent for further details and we will be happy to assist you.
Individual Accounts This is an account held by an individual investor
Joint Accounts A joint account means that both parties have joint ownership of the units. This should be checked off on the Application form
Attachments to the Application form
Specimen signatures of each joint holder should be provided
Specifications as to whether both or either party can undertake transactions on this account.
If you wish to assign additional signatories to your account, please provide full details in writing with your own signature and identity particulars, along with those of your additional signatories for future reference. This will be referred to before transactions can be authorized.
Corporate Accounts Old Mutual welcomes investments from companies, associations, groups, cooperatives etc This should be checked off on the Application form.
Attachments to the Application form
A copy of the most recent board meeting minutes / letter from the most senior person of the organisation certifying who the authorized signatories are
All specimen signatories of a company account must be provided
Copies of ID particulars of all authorized signatories to authenticate signatures
Mandate Accounts For this type of account the Broker House / individual can transact on behalf of their client. Old Mutual would send all communication to the mandate holder. This should be checked off in the Application form.
Attachments to the Application form
A Power of Attorney form -should be signed by both the mandate holder and the party whom it is being held in trust for / a free format letter by the client indicating who they have given Power of Attorney to. This should be supported by full identity particulars.
there are no limits to the amount of investors that can invest in a particular fund, and
there are no limits to the size of the fund, and
there are no limits to the amount of units per fund.
If new investors invest in a fund, there is simply more money to invest by the portfolio manager. The opposite is also true, if investors want to sell their units, the unit trust might have to sell some of its assets to pay the investors, and the amount of units in a fund might decrease.
The Trustee A financial institution, which is appointed to safeguard the interests of the unit-holders. The Trustees of the Old Mutual Unit trust funds is Kenya Commercial Bank Ltd. The trustee and the Fund Manager are governed in their unit trust operations by a Trust deed.
The Custodian A financial institution, which is appointed to safeguard the unit trust funds' money. The Custodian of the Old Mutual Unit trust funds is Kenya Commercial Bank Ltd.
The Unit Trust Management Company / Fund Manager This is Old Mutual Investment Services who are charged with the day-to-day operations of the unit trust. This includes the creation of units, buying and selling of units to clients.
The Portfolio/Asset Manager This is Old Mutual Asset Managers. They are charged with the investment of the monies in accordance to the agreed upon investment objectives of the unit trust fund.
