Total assets under management held by unit trusts or collective investment schemes crossed the Sh200 billion mark for the first time in September 2023, revealing the continued growth of pooled funds as a popular investment option.
According to the latest data from the Capital Markets Authority (CMA), the funds’ assets under management hit Sh206.6 billion at the end of last September from Sh175.9 billion in June. The growth has partly been helped by returns on the investment vehicles surging to double digits amid a general rise in interest rates.
