The National Investment Trust Plc (NITL) manages a closed-end fund that invests in a diversified of Malawi Stock Exchange listed shares and unlisted private securities. The principle objective of NITL is to provide a vehicle for the public to participate in equity investment in Malawi. The fund is a product of Malawi’s progressive privatisation policy and provides income and capital growth opportunities for investors. Financial gain from investments are tax free if held for more than a year. NITL manages a portfolio of investments with funds raised by selling units allocated according to the amount invested in the fund. The NITL manages two Unit Trusts; the NITL Local Equity Fund and the NITL Global Opportunities Fund. Both provide favourable middle- to long-term performance with controlled risk and tax-free earnings. The holding company is based in Mauritius.
The National Investment Trust Plc (NITL) is listed on the Malawi Stock Exchange
NITL.mwTambala8,000.00Thursday, 12th December 20190.00 / 0.00%52 Week Change:6.67%
5th Floor, Moorgate House, Sir William Newton Street, Port Louis; Phone: