Investors withdrew Sh188.3 million from Cytonn Unit Trust Scheme which suffered the biggest outflow in the quarter ended June, according to data from the Capital Markets Authority (CMA).
Cytonn s regulated fund up 17pc despite troubles businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
RSA Fund I
This fund has the highest allocation of risky or variable income instruments and participation is strictly upon a formal request from a contributor. The RSA Fund I is suitable for people who want to invest in high-risk instruments with higher rewards. Hence, contributors who are 50 years and above cannot apply to be moved into this fund.
According to available data 9 of the funds recorded positive growth in the month under review, as against 1 recorded in the previous month.
First position: Crusader Sterling Pensions Limited
March return: 0.68%
March return: 0.52%
March return: 0.44%
Others on the list of gainers include; Premium Pension Limited, Trustfund Pensions Plc, Pensions Alliance Limited, Stanbic IBTC Pension Managers, NPF Pensions Limited, and Sigma Pensions Limited.
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LEADING developmental investment institution, DLM Capital Group has unveiled its fixed income fund which aims to provide capital preservation and income generation.
The Fund, called the DLM Fixed Income Fund, is classified as an Open-ended Unit Trust Scheme and will invest at least 70 per cent of its assets in high quality fixed income securities with a term to maturity not less than 365 days, while a maximum of 30 per cent will be invested in quality money market instruments.
The Fund is constituted by a Trust Deed in favour of UTL Trust Management Services Limited as Trustee with 5,000,000 units being offered for subscription at its launch. The DLM Fixed Income Fund will be managed by DLM Asset Management Limited, the Asset Management unit of the DLM Capital Group.