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.