Unit trust schemes funds cross Sh100 billion mark
Summary
Collective investment schemes in Kenya grew their assets under management by 38 per cent last year, taking advantage of the rising preference for investment plans handled by professional advisers.
Industry data compiled by the Capital Markets Authority (CMA) shows that the unit trust sector handled Sh104.7 billion assets by the end of last year, up from Sh76.1 billion in December 2019.
Thursday April 22 2021
By CHARLES MWANIKI
Summary
Collective investment schemes in Kenya grew their assets under management by 38 per cent last year, taking advantage of the rising preference for investment plans handled by professional advisers.
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The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in Lagos State markets, while the price of local and foreign rice record a slight decrease.
This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics.
According to the report, a big bag of brown beans that was initially sold for an average of N33,500, rose by 3.7% to sell for an average of N34,750. Also, the price of a big bag of honey beans increased by 7.02% to sell for an average of N24,750.
Co-op unit trust grows fastest as schemes pool Sh98 billion
Monday January 25 2021
By PATRICK ALUSHULA
Summary
Latest data from the Capital Markets Authority (CMA) show that Co-op Unit Trust Scheme assets under management jumped 147 times to Sh1.47 billion as that of Sanlam grew 2.87 times to Sh5.74 billion.
Funds managed by Cytonn Money Market Fund rose by 2.3 times to Sh1.01 billion, closing the top three entities that had the fastest rise in customer money.
The gains came in the period that total assets under management rose 37.3 percent to Sh97.99 billion, rising prospects of hitting Sh100 billion.
Funds in unit trusts operated by Cooperative Bank of Kenya, Sanlam and Cytonn Investments more than doubled in the year to September last year, pushing the total in regulated investment schemes close to Sh100 billion.