SIB’s offshore fund posts 18pc returns

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SIB Executive Director-in-charge of Global Markets Nahashon Mungai. PHOTO | POOL

Standard Investment Bank(SIB)’s multi-asset strategy fund Mansa-X generated a return of 18.01 percent on its Kenya shilling fund from 15.59 percent in 2022 as global stock markets rebounded on the easing of inflation and interest rate pressures in the US.

The improved returns bring the fund’s average annual performance since its inception in 2019 to 17.36 percent, according to audited financial statements (2023).

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Note: The results are not exact but very close to the actual.