Bonds, home sales money makers in 2022 as stock investors burn fingers

 A securities trader at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. FILE PHOTO | NMG

Government securities and sales of homes offered Kenyan investors the highest returns this year out of main asset classes amid soaring inflation in the wake of the worst drought in 40 years and Russia’s war in Ukraine.

The equities market, which emerged the second best performer last year with returns of 11.91 percent, witnessed share depreciations on reduced appetite for emerging markets after a jump in interest rates in the developed markets such as the US.

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