KAMPALA, Uganda — SBG Securities Uganda has launched a U.S. dollar-denominated fixed income unit trust fund, allowing local savers to invest with as little as $100 to hedge against currency fluctuations and global economic instability.
The new product, announced Monday, expands the firm’s existing Uganda shilling investment options. It is designed to help investors build resilient portfolios by providing a multi-currency suite during a period of heightened global uncertainty and energy price volatility.
Grace Semakula, chief executive of SBG Securities Uganda, said the fund allows clients to diversify thoughtfully while the shilling remains a foundation for local investment.
“The fund invests primarily in USD-denominated short-term fixed and floating-rate debt instruments issued by sovereign governments, rated banks and corporate entities in East Africa and offshore markets,” Semakula said.
For savers, the fund offers a low entry point into foreign currency markets. Following the initial $100 investment, clients can make subsequent top-ups of the same amount. The structure allows investors to contribute and withdraw funds at their discretion.
Salima Katamba, investment manager at SBG Securities, said unit trusts are an effective tool for individuals to pool small amounts of money over time to meet larger financial goals.
“Some of us have bigger dreams and aspirations but we may not have all the money in one go,” Katamba said. “It is possible to keep collecting it every month or every day depending on what you earn so that you can create that bigger pool.”
The launch aligns with the broader strategy of Stanbic Uganda Holdings Limited to deepen financial inclusion. SBG Securities officials noted that the dollar option acts as a shield for those with foreign currency exposure, while savers can still benefit from shilling-denominated opportunities in the local economy.
Investors can access the new dollar fund and existing shilling offerings through the SBG Securities website or at Stanbic Bank Uganda branches nationwide.
