Cytonn’s unit trust suffers Sh188m exits on brand hit

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Cytonn Investments chief executive Edwin Dande. FILE PHOTO | NMG 

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).

The client exits came as the trust’s parent firm Cytonn Investments Management battled CMA and investors in its other funds who have been unable to access billions of shillings.

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