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Wednesday, August 21, 2019

Old Mutual Unit Trust ventures into offshore investment – The Nation Online

Old Mutual Unit Trust ventures into offshore investment – The Nation Online: Old Mutual Unit Trust ventures into offshore investment
Brian Itai August 21, 2019 0 Comments
Old Mutual Unit Trust has approved a proposal by its shareholders to start offshore investments, which is the keeping of money in a jurisdiction other than one’s country.

Speaking at the trust’s annual general meeting in Blantyre on Monday, the firm’s managing director James Mhura said the proposal followed requests from unit holders to benefit from its global reach by tapping from much larger markets outside Malawi.
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