Zimele Asset Management: Unit Trust Funds and Pension Schemes Overview
Discover the services provided by Zimele Asset Management, a licensed fund manager for unit trusts and pension schemes since 1998. Learn about the collective investment schemes managed, fund manager duties, and fund attributes offered at the 17th Annual General Meeting.
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Presentation Transcript
Zimele Unit Trust Scheme 17th AGM 1 Fund Manager s Presentation
Zimele Unit Trust Funds 17th Annual General Meeting About Us 2 Zimele Asset Management provides fund Who we are management services for unit trusts and pension schemes, and has been in operation since 1998. Our Licenses Fund Manager for the Zimele Unit Trust Scheme, licensed and regulated by the Capital Markets Authority CMA Fund Manager for the Zimele Pension Schemes, licensed by the Retirement benefits Authority RBA
Zimele Unit Trust Funds 17th Annual General Meeting Collective Investment Schemes Managed 3 Zimele Unit Trust Scheme Zimele Fixed Income Fund Zimele Balanced Fund Zimele Money Market Fund Zimele Personal Pension Schemes Zimele Guaranteed Personal Pension Scheme Zimele Personal Pension Scheme Zimele Income Drawdown Plan
Zimele Unit Trust Funds 17th Annual General Meeting 4 Duties of the Fund Manager To invest unit holders funds in accordance with the Collective Investment Schemes (CIS) Regulations 2023, the trust deed and the Fund s Investment policy To receive and implement unit-holders contribution, top-up, switching and liquidation instructions To report the Fund s investment performance to the Trustees and the Regulator To report to the unit holders at the annual general meeting
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Unit Trust Funds 5 Fund Attributes Zimele Balanced Fund Zimele Fixed Income Moderate risk Risk profile Low risk Varying returns Returns Modest returns Instant/same day Instant/same day Withdrawal No penalties on withdrawal Penalties No penalties on withdrawal Both for deposits & withdrawals M-Pesa & Bank Both for deposits & withdrawals Online statements Statements Online statements Monthly Returns Updates Monthly Interest Updates Returns updates Suitable for medium-term and long-term goals due to partial exposure to the equities market Suitable for emergencies, discretionary and goal-based savings. Recommendation
Zimele Unit Trust Funds 17th Annual General Meeting Economic Review 6 Global Highlights Domestic Highlights Recovery from Covid-19 plus geopolitics including Ukraine-Russia conflict and Israel-Palestine conflict Rising inflation across the major economies US central bank revised its policy rates gradually to 5.5% by Dec 2023 Hope to tame inflation and anchor it at target 2% Caused capital flight with developing and underdeveloped countries most affected Strengthening of USD against other countries Rising Inflation Extreme drought in Q1 pushing inflation to 9.2% in March 2023 Heavy rains in Q4 2023 eased inflation to 6.6% in Dec-2023 Speculation about Kenya s ability to repay maturing Eurobond together with capital flight resulting from high interest rates in developed economies pushed Kenya shilling to depreciate 27% by Dec 23 against USD and other currencies CBR revised from 8.75% in Jan 23 to 12.5% by Dec 23 Domestic interest rates increased significantly
Zimele Unit Trust Funds 17th Annual General Meeting 7 Zimele Fixed Income Fund Asset Allocation Bank Balances, 2.45% Fixed Deposits, 0.44% Call Deposits, 17.36% Corporate Bonds, 0.24% Treasury Bonds, 43.45% Infrastructure Bonds, 35.45% Treasury Bonds Infrastructure Bonds Corporate Bonds Call Deposits Fixed Deposits Bank Balances
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Fixed Income Fund 8 Fund Performance 2023 16.00% 14.89% 14.48% 13.60% 14.00% 13.25% 12.00% 11.17% 11.25% 10.00% 7.69% 7.45% 8.00% 7.87% 7.15% 5.41% 6.00% 3.72% 4.11% 3.43% 4.00% 1.69% 2.00% 0.00% 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 3 YEARS Zimele Fixed Income Fund Composite Index Inflation NB: Returns are gross (inclusive of the management fee and withholding tax)
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Fixed Income Fund 9 5 year Comparative Returns 16.00% 14.20% 14.00% 13.20% 13.10% 13.00% 12.74% 12.70% 12.00% 9.90% 9.50% 10.00% 8.60% 8.60% 7.70% 7.60% 8.00% 6.10% 6.00% 5.30% 5.20% 4.00% 2.00% 0.00% 2023 2022 2021 2020 2019 ZFIF TB-364 Inflation
Zimele Unit Trust Funds 17th Annual General Meeting ZFIF Funds under Management 10 The Closing Fund Under Management (FMU) 2019-2023 YEAR 2023 2022 2021 2020 2019 Total Fund Value 2,678,218,084 2,410,726,733 1,741,760,625 1,261,280,261 931,058,295 Price Per Unit 1.00 1.00 1.00 1.00 1.00 Number of Units in Issue 2,678,218,084 2,410,726,733 1,741,760,625 1,261,280,261 931,058,295 Percentage Annul Growth 11.10% 38.4% 38.1% 35.5% 14.3% The Closing Fund under Management (FMU) and Units in Issue over the 5 Year Period Zimele Fixed Income continued to record a double digit growth in FUM despite a tough year characterized with emergence of new products and capital out flows.
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Balanced Fund Asset Allocation as at 31st December 2023 11 % Allocation Bank Balance, 0.22% Call Deposits, 20.59% FXD Bonds, 26.93% CIS, 9.23% IFB Bonds, 20.75% Equities, 22.17% FXD Bonds IFB Bonds Equities CIS Call Deposits Bank Balance
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Balanced Fund Periodic Returns 12 Fund Performance 2023 14.00% 11.38% 12.00% 10.00% 8.00% 6.92% 5.70% 6.00% 3.42% 4.18% 4.00% 2.74% 1.99% 1.65% 2.00% -0.45% -1.87% 0.00% 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS 3 YEARS -2.00% -4.00% Zimele Balanced Fund Composite Index
Zimele Unit Trust Funds 17th Annual General Meeting ZBF - Historical Returns 13 Historical 10-Year Performance Chart 22.20% 20.68% 17.16% 16.50% 7.40% 4.80% 3.80% 1.65% 1.81% -0.21% 1.20% 0.92% 1.48% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -4.68% -6.33% -11.90% -21.00% -21.15% -23.66% -29.60% ZBAL NSE 20 NB: Past performance is not an indication of the future performance
Zimele Unit Trust Funds 17th Annual General Meeting Zimele Balanced Fund 14 The Closing Fund under Management (FUM) and Units in Issue over the 5 Year Period The Closing Funds Under Management (FUM) 2019-2023 YEAR 2023 2022 2021 2020 2019 Total Fund Value 188,117,558 179,063,467 184,350,166 173,540,158 168,142,390 Price Per Unit 9.2796 9.4562 9.2634 8.3312 8.2305 Number of Units in Issue 20,272,162 18,936,091 19,900,842 19,869,048 20,394,132
Zimele Asset Management Company Ltd, Ecobank Towers, 7th Floor, Wing A Mobile: +254-722-207662 mail: info@zimele.net Website: www.zimele.co.ke 15
