Unit trust assets grow by Sh8.4bn in three months on good returns

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The assets unit trusts or collective investment schemes managed grew by Sh8.4 billion in the three months to December. PHOTO | SHUTTERSTOCK

The assets unit trusts or collective investment schemes managed grew by Sh8.4 billion in the three months to December, new data shows, signalling the rising popularity of pooled funds.

A unit trust is typically a collective investment packaged under a trust deed and run by a professional fund manager.

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