Unit trusts invest bulk of funds in bank deposits

Economy and financial growth by investment in valuable stock market to gain wealth profit form currency trading.

The assets unit trusts or collective investment schemes managed grew by Sh8.4 billion. PHOTO | SHUTTERSTOCK

Collective investment schemes have the bulk of their assets invested in fixed deposit accounts, which are usually offered by commercial banks.

New data from the Capital Markets Authority (CMA) shows the investment funds, which are also referred to as unit trusts are largely invested in banks with 44.4 percent of their assets or Sh78.1 billion locked in the term deposits accounts as of June this year.

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