Imara expands its unit trust range

Johannesburg - Imara Asset Management South Africa has expanded its boutique unit trust range with the launch of the Imara MET Balanced Fund.

The unit trust fund opened on August 27.

The Imara newcomer is categorised as an SA multi-asset high equity unit trust product and complies with prudential investment guidelines for pension funds.

Lara Warburton, managing director of Illovo-based Imara Asset Management SA, said over the past year, 83% of new local fund inflows across the unit trust industry went into multi-asset funds," said Warburton.

Imara is an independent, Botswana-listed investment banking group with offices in Angola, Botswana, South Africa and the UK and associate offices in Malawi, Mauritius, Zambia and Zimbabwe.

Imara has also partnered with Chapel Hill Denham in Nigeria, Sterling Bank in Kenya, Namibia Equity Brokers and Mac Capital in Dubai.