Unit trusts, particularly money market funds, have grown in popularity among Kenyans seeking professionally managed investment products.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Dollar-denominated money market funds (MMFs) are putting investors' cash into African and global Eurobonds through special debt securities structured by multinational banks, sidestepping regulatory restrictions in search of higher returns amid intensifying competition for clients.
Fund managers note that most MMFs had invested in longer-dated government bonds to help hold up returns above double-digit as…
Reality is, awareness of MMFs and investment options has grown tremendously across the country, especially after the Covid-19…
Investors are increasingly moving into higher-yielding special funds, lifting the segment’s market share to a record high.
Unit trusts that include special funds have earned billions of shillings in fees from clients, making the business lucrative.
The attractiveness of the corporate bonds has been aided by lower interest rates on bank deposits and treasury bills besides a…
As financial products become more sophisticated, the conversation is also shifting at an institutional level.
