Browsing: Sanlam Investments

Unit trust fund investments in Kenya recorded a 4.3 per cent growth in 2018, latest industry data shows, as investors moved to deepen the capital markets and provide alternative funding for businesses. During the year, Total Assets Under Management (“AUM”) held by Unit Trust Fund Managers grew to Ksh58.0 billion (US$574.8 million) up from Ksh55.6 billion (US$551 million) recorded in 2017.

Kenya’s unit trust investments grow to US$ 574.8 million

Kenya

Money Market Funds remain the largest Unit Trust Fund

Unit trust fund investments in Kenya recorded a 4.3 per cent growth in 2018, latest industry data shows, as investors moved to deepen the capital markets and provide alternative funding for businesses.

During the year, Total Assets Under Management (“AUM”) held by Unit Trust Fund Managers grew to Ksh58.0 billion (US$574.8 million) up from Ksh55.6 billion (US$551 million) recorded in 2017.

This came as the money market funds continued to be the most popular product with the AUM held by Money Market Funds, having grown by 8.9 per cent to Ksh48.5 billion (US$ 480.6 million) in 2018

This was up from Ksh44.5 billion (US$441 million) recorded in 2017, a report by investment firm-Cytonn shows, indicating that Money Market Funds are growing faster than the overall market.

CIC Asset Managers recorded the strongest growth in AUM of 36.3 per cent to Ksh20.3 …