Kenyans pile into unit trusts to sidestep inflation

FILE PHOTO | NMG

Retail investments in pooled funds have grown 152 per cent over the last five years to Sh140.6 billion in the first quarter of 2022 as Kenyans seek to protect their savings from inflation.

The Capital Markets Authority (CMA) chief executive Wyckliffe Shamiah says growth from Sh55.7 billion in March 2017 has also been driven by the ease of entry and withdrawal into Collective Investment Schemes (CIS).

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