UTT AMIS FUND ITS GROWTH REACH 54% IN THE PERIOD OF THE YEAR 2022/2023.

 UTT AMIS FUND ITS GROWTH  REACH 54% IN THE PERIOD OF THE YEAR 2022/2023.

By PrayGod Thadei 

Dar es Salaam.

The UTT AMIS Investment Company has said that the fund's investment has increased from 996.5 billion in the period of June 30/2022 to reach 1.535 trillion shillings in the period of June 30/2023.

Speaking to journalists in Dar es Salaam during the annual general meeting of shareholders of the fund, the Director General of ATT AMIS, Simoni Migangala said that the increase of 538.9 billion shillings is equal to 54.0 percent compared to the increase of 383.7 billion shillings.

"The increase in the size of the funds is due to the investors' trust in us, the education provided on savings and investments as well as the competitive benefits in the funds. The performance of the funds during that period has continued to be good, the profit for investors was high compared to comparable parameters". He has said Migangala and added that

"The profit per year in terms of funds invested in shares and areas with fixed income is as follows, mutual fund 11.2%, life investment fund 12.5%, children's fund 12.4%, physical fund 14.0% compared and 7.6% of the comparable standard".

He added that for the remaining funds with investments in areas with permanent income, the profit for the liquidity fund is 12.5% ​​and the bond fund is 12.3% compared to 9.7% of the comparable benchmark.

On his part, the Chairman of the Board of UTT AMIS has thanked the government of the sixth phase led by President Dr. Samia Suluhu Hassan for creating a better environment for Investment which led to an increase in the growth of financial markets in the country which contributed to the continued growth of UTT AMIS.

He added that UTT AMIS has big plans, including looking at how to enter East African markets after doing well in this country.