New entrants in the budding collective investment schemes industry have leveraged technology and low entry thresholds to drive greater retail participation while taking the fight to legacy fund managers.
The newbies, who include Kuza Asset Management, Enwealth Capital and Etica Capital, have for instance grown assets under management (AUM) in the collective schemes to a total of Sh1.6 billion as of March 2024 in just over a year since setting up shop, according to data from the Capital Markets Authority (CMA).
