NAIROBI, Kenya, July 14 – Kenyan investors have been offered expanded investment options after the Capital Markets Authority (CMA) registered new collective investment schemes and sub-funds.
The regulator has approved the Sanlam Special GBP Fixed Income Fund, which is owned by Sanlam Investments East Africa, to offer investors foreign currency-denominated fixed income securities.
Likewise, ALA Capital Limited has been okayed to run the ALA Capital Collective Investment Scheme (ALA CIS), comprising the ALA Balanced Fund, ALA Multi-Asset Special Fund, ALA Equity Fund, ALA Fixed Income Fund (KES), ALA Money Market Fund (USD), and ALA Money Market Fund (KES).
After the approval, VCG Asset Management Limited will manage three funds under the VCG Offshore Opportunities Special Funds umbrella. These include the VCG Offshore Money Market Fund (KES), VCG Offshore Money Market Special Fund (USD), and VCG Offshore Fixed Income Special Fund (KES).
CMA Chief Executive Officer Wyckliffe Shamiah noted the continued growth in demand for collective investment schemes, which have now surpassed Sh500 billion in total assets under management.
“These approvals reflect growing investor confidence and increased appetite for diversified investment options, including foreign currency-denominated and offshore funds,” said Shamiah.
The regulator also welcomed the development of innovative capital markets products that enhance investor choice and contribute to economic growth.
