Amana Unit Trust fund’s assets under management fell to just Sh75.6 million by the end of March as investors continued to exit the fund that has paid a heavy price for investing in the commercial paper issued by collapsed retailer Nakumatt Holdings.
Capital Markets Authority (CMA) industry data shows the fund shrunk by 44.2 percent in the first quarter of the year, by far the biggest loser in the 19-player industry which only saw four firms shrink their assets under management in the period.
