Absa Kenya’s unit trust scheme recorded the fastest growth in the collective investment scheme sector in the quarter ending June, hitting Sh1.05 billion in assets under management from Sh287 million in March.
The lender’s scheme, known as Absa Asset Management Limited, was licensed by the Capital Markets Authority (CMA) to run unit trust funds in November 2020, joining other tier-one lenders Equity Group, Co-operative Bank, and NCBA in operating unit trusts.
