Unit trusts that include special funds have earned billions of shillings in fees from clients, making the business lucrative.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Investment banks have transitioned into fund management, unveiling collective investment schemes/unit trust businesses and joining a ‘gold rush’ underpinned on strong interest in pooled investments among investing Kenyans.
Investors are increasingly moving into higher-yielding special funds, lifting the segment’s market share to a record high.
As financial products become more sophisticated, the conversation is also shifting at an institutional level.
'The pivot by the firm to raise funds domestically will help local pension funds in diversifying their portfolios.'
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