Ufahamu Mfuko wa Uwekezaji UTT

UTT AMIS ilianzishwa mwaka 2013 kuchukua majukumu ya usimamizi wa Mifuko ya Uwekezaji wa pamoja kutoka kwa Dhamana ya Uwekezaji Tanzania (UTT) kufuatia maamuzi ya wamiliki kubadilisha muundo.

UTT AMIS, hapo awali ilijulikana kama Dhamana ya uwekezaji Tanzania (UTT) ambayo ilianzishwa chini ya Sheria ya Udhamini (Sheria ya Dhamana Na. 318) na kupewa majukumu kadhaa muhimu ikiwa ni pamoja na kuanzisha na kuendesha mifuko ya uwekezaji wa pamoja katika njia ambayo itaongeza thamani ya mifuko hiyo, kuhamasisha utamaduni wa kuweka akiba kupitia ushiriki mpana katika umiliki wa vipande.

Jinsi UTT AMIS wanavyofanya kazi

Hawa wanafanya kazi kwa mfumo wa Mutual Funds, yaani wao wanakusanya pesa kutoka kwa wananchi au yeyote anayetaka kwa mfumo wa kuwauzia vipande, Kisha mjumuisho wa hela itakayokuwa imepatikana ndio UTT huitumia kwa kununua dhamana kwenye masoko ya Pesa, dhamana zinaweza kuwa hisa, hati fungani, zamana za serikali au mengineyo yanayo patikana kwenye soko la pesa.

Hii ina maana kwamba, anayenunua vipande UTT AMIS yeye husubiria gawio lake wakati wenye mfuko wao ndio huhangaika kujua ni sehemu ipi nzuri kuwekeza ili mwenye vipande aweze kupata faida baada ya muda waliokubaliana.

Uwekezaji wa aina hii unafanyika kama mtu anakuwa hapendi kuingia kwenye kashikashi za biashara za soko la fedha.

Ziko baadhi ya threads humu zikiwataja watu wakilalama kuhusu kushuka kwa bei ya hisa walizonunua kwenye IPO nk. Haya ni mambo ambayo mtu aliyewekeza kwenye mfuko wa UTT AMIS anaweza kuepukana nayo

Mutual Funds ni kati ya masoko ya pesa na anayeshiriki(mwekezaji/mwenye vipande) anatarajia gawio baada ya muda waliokubaliana wakati ananunua vipande.

NB: Unapotaka kufanya uwekezaji wowote waone wataalamu wa biashara pia jitahidi kujielimisha kabala haujajiingiza katika suala husika, masoko ya pesa ni kama masoko ya bidhaa nyingine unaweza angukia pua pia.

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The Unit Trust of Tanzania (UTT) was incorporated on 19th June, 2003. It has been incorporated under the Trustees Incorporation Act (Cap. 318). To be able to appreciate the objective and functions of the UTT, it is essential in the first place to understand the basic structure of a "Trust". In any trust, there are usually three recognized parties;

The "Settlor" who is the party that settles the Trust (i.e. bestows property on the trust),

The "Trustees" who manage property bestowed by the Settlor; and

The "Beneficiaries" in whose interest property is managed by the Trustees.

Apart from the parties to the trust arrangement, there is also the "property" which is the subject matter of the trust often referred to as the "corpus" of the trust.

The Settlor of the Unit Trust of Tanzania (the "Trust") is the Minister of Finance representing the Government of Tanzania. The Trustees are five individuals appointed by the Minister. The current trustees are; Prof. Joseph Kuzilwa (Chairman of the Board of Trustees), Hon. Janeth Mmari (MP) , Hon. Omari Sheha Mussa (MP) , Mr. Ramadhan S. Hamisi and Mr. Ramadhan Madabida

The Beneficiaries of the UTT are the citizens of Tanzania. The subject matter i.e. property in the UTT consists of shares which have been warehoused under the trust and the rights appertaining to those shares.

The Unit Trust of Tanzania was set up as successor to a previous organization which was known as The Privatisation Trust (PT). The PT had been established by an Act of Parliament in 1997. The objectives of the PT were;

To acquire shares in newly privatized enterprises for sale by public offering to achieve a wide distribution among citizens and to obtain sale proceeds which are reasonable in the circumstances prevailing from time to time.

To encourage and facilitate wider participation by citizens in the ownership of privatized enterprises.

To have responsibility on the disbursement of proceeds in accordance with the Privatisation Act;

To advise the Minister and the Commission on matters relating to the administration of the Act;

To manage and administer the Trust with a view to ensure that its objectives are achieved; and

To ensure that shares are sold or distributed, as the case may be, to any eligible investor.

After its establishment, the PT was entrusted with a portion of shares of Tanzania Breweries Ltd. And Tanzania Cigarette Company Ltd.

These shares were warehoused pending release to the public. Moreover, the PT made preparation for the setting up of collective investment schemes. Furthermore, the Trust conducted public education programmes jointly with the Dar es Salaam Stock Exchange (DSE), Capital Markets and Securities Authority (CMSA) as well as the Parastatal Sector Reform Commission (PSRC).

The Privatisation Trust Act expired on 14th June,2003 and the Unit Trust of Tanzania was registered on 29th June,2003. It is pertinent to mention that the establishment of the Unit Trust of Tanzania was anticipated by the Privatisation Act, 1997 which contained a provision for its succession by a unit trust.

The UTT is therefore a recently established institution which is currently putting in place a foundation for a variety of future activities.

Objectives of the UTT

The objectives of the UTT are;

To acquire and keep in trust the shares of the privatized enterprises that were held by the Privatization Trust and all those shares of the privatized enterprises that will be placed in trust by the Settlor from time to time in the course of the privatization of public enterprises;

To ensure that, shares that are held in trust are distributed among Tanzanians citizens in a manner that will encourage and facilitate savings and wider participation by citizens in the ownership of privatized enterprises that will enable and stimulate participation in capital markets.

To establish, launch and manage collective investment schemes so as to achieve the objectives of the Trust.

These objectives evidently contain an empowerment mandate. Empowerment is indeed a broad concept which may be operationalised by a variety of programmes in different national sectors. The UTT is a financial sector institution and therefore its programmes are to hinge more on development of financial products of empowering Tanzanians to undertake various economic activities.

These may range from the establishment of collective investment schemes to the formulation of various financial support products. In "kick-starting" the activities of the UTT however, attention has been focused the establishment of a collective investment scheme which shall be known as "Umoja Fund".

Vision

To be an efficient investment institution that would facilitate the divestiture process and empower Tanzanians to become effective stakeholders in their country's economic development for improvement of their welfare.

Mission

To hold and manage shares of certain targeted privatized companies in trust for citizen of Tanzania.

To enhance a savings culture among the people of Tanzania.

To facilitate wide ownership of shares of privatized and other enterprises by Tanzanian citizens.

To establish, launch and manage collective investment schemes.