Tanzania, July 6 -- Arusha. The UTT Asset Management and Investor Services (UTT AMIS) fund size had reached Sh400 billion as of June 30 this year.
This was revealed here at the weekend as the fund management company opened its first centre outside Dar es Salaam, in Arusha.
Mr Issa Wahichinende, the director of Operations, said different investment funds operated by the Trust have also shown profitability despite challenges in the securities market.
These are the Bond Fund, Ukwasi Fund, Umoja Fund, Wekeza Maisha Fund, Watoto Fund and Jikimu Income Scheme.
"The total funds under management as of June 30, 2020 grew in size to Sh400 billion," he told journalists before the opening of the new centre.
He said opening of branches across the c...