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Retail investors pile Sh1.4trn into bonds, units trust funds
Demand for bonds remains high, with the August sale of two reopened infrastructure bonds raising a record Sh274.8 billion against a target of Sh140 billion.
Retail investors, including individuals, private companies and self-help groups, have piled a record Sh1.44 trillion in government bonds and unit trusts, underscoring the growing flight to passive investments as businesses struggle to survive amid high taxes and reduced consumer purchasing power.
The combined amount of cash held in these two investment classes more than doubled over the past two years, rising from Sh580.45 billion in August 2023.
