Unit trusts: How not to lose your hard-earned cash

Economy and financial growth by investment in valuable stock market to gain wealth profit form currency trading.

The assets unit trusts or collective investment schemes managed grew by Sh8.4 billion. PHOTO | SHUTTERSTOCK

Over the last few years, Kenyans have been increasingly turning to unit trusts, which are pooled funds run by investment schemes, as their personal finance investment vehicles owing to their relatively low risk and certainty of investment returns.

Data from the Capital Markets Authority show collective schemes grew their assets by Sh9.3 billion or 6.3 percent to Sh155 billion in the period that ended September 2022.

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