UTT AMIS Performance: A Story of Steady Growth and Resilience (2016-2023)

In the competitive financial landscape of Tanzania, UTT Asset Management and Investor Services (UTT AMIS) has carved a remarkable trajectory of growth and stability.

From 2021 to 2023, UTT AMIS showcased a robust performance across its various schemes, reflecting its commitment to maximizing investor value and fostering economic growth.

A Snapshot of Growth

Between 2021 and 2023, UTT AMIS experienced impressive growth in its net asset value (NAV) and the value of its shares. The overall net asset value increased by a significant 61%, from TZS 204 Trillion in 2022 to TZS 387 Trillion in 2023. This growth is a testament to the investment strategies and effective management practices employed by UTT AMIS.

Diving into the Schemes

1. Liquid Fund

The Liquid Fund, aimed at investors seeking liquidity and short-term gains, achieved a commendable 75% growth in 2023 compared to 2022. The fund’s assets grew from TZS 108 Trillion in 2022 to TZS 189 Trillion in 2023. Strategic investments in money market instruments and short-term government bonds played a pivotal role in this growth.

2. Umoja Fund

The Umoja Fund, a flagship offering of UTT AMIS, saw its net asset value grow by 14% in 2023 compared to 2022. The fund’s Net asset Value (NAV) rose from TZS 70 Trillion in 2022 to TZS 80 Trillion in 2023. This growth was driven by strategic investments in high-performing sectors such as banking, telecommunications, and energy, which delivered consistent returns to investors.

3. Watoto Fund

Targeted towards securing the future of young Tanzanians, the Watoto Fund achieved a remarkable 87% growth in its NAV. The fund’s net assets increased from TZS 1.48 Trillion in 2022 to TZS 2.77 Trillion in 2023. This growth was fueled by investments in education and technology sectors, aligning with the fund’s mission to support the next generation.

4. Wekeza Maisha Fund

The Wekeza Maisha Fund, designed to support long-term savings and investments, recorded a robust 115% growth. Its net asset value soared from TZS 1.08 Trillion in 2022 to TZS 2.33 Trillion in 2023. The fund’s success can be attributed to diversified investments across real estate, infrastructure projects, and government securities, ensuring stable and attractive returns.

5. Jikimu Fund

Focusing on providing a safety net for investors, the Jikimu Fund demonstrated steady growth of 14%. Its NAV increased from TZS 4.43 Trillion in 2022 to TZS 5.04 Trillion in 2023. This growth was driven by conservative investment strategies, prioritizing low-risk assets that delivered reliable income streams.

The Bigger Picture: Overall Projections

Looking ahead, UTT AMIS is poised to continue its growth trajectory. The projected overall net asset value for 2024 is expected to surpass TZS 509 Trillion, driven by ongoing strategic investments and a favorable economic environment. Each fund is anticipated to maintain its growth momentum, contributing to the overall success of UTT AMIS.

From the collected data, The Liquid Fund is expected to grow by 27% in 2024 , reaching TZS 241 Trillion in net asset value.

For other schemes view my interactive dashboard: https://app.powerbi.com/view?r=eyJrIjoiNjc0ZWExYzgtZTViZS00ODZjLWE4MDYtNjcwMWZlYWZlNzZkIiwidCI6ImUyNDM4ZTc2LTZjY2ItNDRjNC1iOWM1LWFjOTA2MDUwMTkxYSIsImMiOjZ9

The story of UTT AMIS from 2016 to 2023 is one of resilience, strategic foresight, and commitment to investor welfare. With each scheme tailored to meet the diverse needs of Tanzanian investors, UTT AMIS has not only delivered impressive returns but also contributed significantly to the nation’s economic growth. As we look to the future, UTT AMIS remains a beacon of stability and prosperity in Tanzania’s financial sector.

If you were thinking of investing in UTT this might be your chance.

Big thanks to Juma Hanje , a brother and mentor who greatly helped in this analysis.

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