iTrust mutual funds record strong gains within five months of launch
Dar es Salaam. Investment firm iTrust has reported notable growth across its five public mutual funds, just five months after their launch.
The announcement was made during a stakeholder gathering that also featured a comprehensive market analysis and outlined strategic plans to attract more retail and institutional investors.
Launched through an Initial Public Offering (IPO) in December 2024, the iTrust mutual funds were designed to suit a range of investor risk profiles and financial objectives. Since then, they have shown strong performance:
iTrust Finance Head of Marketing, Brand and Communication, Winfrida Makuru
said the investor call provided a comprehensive update on Tanzania’s financial markets where regarding the
bond market: the Bank of Tanzania successfully raised Sh4.12 trillion in the second half of the financial year 2024/25, utilizing a new coupon rate system.
"The strong investor response was further evidenced by oversubscriptions in corporate bonds, including the Samia Infrastructure Bond (215 percent) and the Zanzibar Sukuk (127 percebt)," she said.
On the equity market she said the Dar es Salaam Stock Exchange (DSE) saw notable year-to-date gains, with leading performers including CRDB Bank PLC (+17.9 percent) and Tanzania Portland Cement Company (TPCC) (+52.8 percent), signaling growing investor
Explaining about the funds she said iGrowth Fund posted a return of +13.60 percent with assets under management (AUM) reaching Sh28.16 billion.
She said Imaan Fund, a Shariah-compliant product, led the group with a return of +22.51 percent managing Sh7.21 billion in assets while iCash Fund provided a steady return of +4.99 percent supported by Sh23.97 billion in AUM.
Further she noted that iSave Fund delivered a +5.17 percent return, with Sh8.82 billion in managed assets.
iIncome Fund achieved a return of +5.67 percent, overseeing Sh12.47 billion in assets, with monthly payouts scheduled to commence in August 2025.
"The performance figures, based on data as of May 14, 2025, reflect strong investor confidence and the firm’s disciplined approach to fund management," she said.
She noted that iTrust reiterated its commitment to offering both growth and income solutions, positioning itself as a significant player in Tanzania’s evolving investment landscape.
