https://www.businessdail...0386-1ktnc8z/index.html

Equity Group’s share of the unit trust market more than halved last year as CIC Insurance tightened its grip on collective investment schemes.

Market regulator Capital Markets Authority (CMA) has disclosed that pooled funds managed by Equity Investment Bank Unit Scheme fell by a massive 57.48 per cent to Sh1.28 billion last December from Sh3.01 billion the year before.

The drop pushed the lender down to position 10 from sixth by market share, CMA said in the quarterly Statistical bulletin released Wednesday.
The country’s 16 collective investment schemes managed Sh57.22 billion pooled from retail investors at the end of 2017, a marginal rise of 2.20 per cent over Sh55.99 billion a year earlier.

Cash managed by CIC Unit Trust Scheme expanded by Sh2.24 billion to close the year at Sh15.4 billion, helping grow its share to 26.92 per cent.

CMA data for the second quarter of last year showed by the end of March, its unit trust scheme had Sh13.49 billion in funds under management, accounting for 24.2 per cent of the industry total of Sh55.8 billion.

The market share of CIC’s closest rival, British American Unit Trust Scheme, fell to 16.97 per cent from 19.60 per cent in 2016.

British American’s funds dropped by Sh1.48 billion or 13.23 per cent year-on-year to Sh9.71 billion.

Assets under the management of Old Mutual Unit Trust Scheme also dropped 7.03 per cent to Sh13.40 billion, reducing its market share to 13.4 per cent from 14.44 per cent in 2016.

ICEA Lion and CBA unit trust schemes grew their market share to 10.46 and 7.29 per cent, respectively, from 9.28 per cent and 5.22 per cent a year earlier.

ICEA scheme’s assets rose by 13.02 per cent to Sh10.46 billion, while CBA’s funds surged 39.93 per cent to Sh7.29 billion.

The top five unit trust schemes controlled 75.04 per cent of the market, a growth of 1.89 percentage points over 2016.

“The largest portion of the total assets under management was invested in securities issued by the government,” CMA said.

Hey Nash, what are the percentage annualized return rates for the past 5 years? Does govt take WHT? what percentage?

Hi Chaka,

I hope you found the information valuable. I am trying to demystify Money Market Funds in Kenya.

If it is valuable to you, share it with your friends to help them too :)

PS: You can now be able to comment on the article and when you do, you also get subscribed to my FREE personal finance lessons. I am giving back my financial knowledge and Money Market Funds in Kenya are the introductory topic

Pesa+

WHT = 15%

Return rates (Net)

2016 = 11.8%
2017 = 8%
2018 = 6.7%

Hi Chaka,

Use the updated link, you should be able to comment

https://nashthuo.com/money-market-funds-kenya/

Kind Regards,

I have gone through the link.

My one comment is stick to your money market education and perfect it.

However do not bad mouth others.Balances in current accounts and education policies from insurance companies do have a role to play in the society and it is not your role to guide people against them.

Do not try to shine your light by dimming that of others.

Your stuff is quit knowledgeable. Even though there could be other factors that can determine the desired expected results such as inflation, political stability and other factors . Having said that I have money market with ICEA and its a good amount . But I realized their rare is just 9%. Do you know any other that has better returns that this ?

Yes mum.

MMF is not an investment! just somewhere to park cash whose use is not immediate or determined.

Sasa matusi why yawa, unanitusi na kasweet changu in the same sentence, madharau mno mno mno. Lakini isorite i forgive you coz i know what cryptos is doing to you. Na bado my fren!!!!