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CIC unit trust scheme sheds Sh4.2 billion in rare outflow
CIC Group chief executive officer Patrick Nyaga (right) with chief financial officer Philip Kimani during the release of the insurer's 2022 financial results on March 22, 2023. PHOTO | POOL
CIC Unit Trust Scheme posted a rare Sh4.2 billion drop in assets under management (AUM) in the quarter ended March, new data from the Capital Markets Authority shows.
The collective investment scheme's assets fell by seven percent in the period to Sh56.9 billion from Sh61.2 billion previously.
