CIC corners a quarter of unit trusts market

CIC INSURANCE GROUP CHIEF EXECUTIVE TOM GITOGO. FILE PHOTO | NMG

CIC Insurance #ticker:CIC has firmed up its top unit trust market-share position, accounting for nearly a quarter of industry assets under management, fresh data from the Capital Markets Authority (CMA) shows.

The CMA data contained in second quarter to June bulletin shows that by the end of March, CIC’s 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.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.