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Fund managers’ profits surge on growth of assets
The assets of collective investment schemes (CISs), which are overseen by fund managers rose by 28 percent in the first quarter ended March 2025 to Sh496.2 billion from Sh389.2 billion in December 2024.
Fund managers have multiplied profits on substantial growth of assets under management (AUM) as Kenyans continue to pile into collective investment schemes.
An analysis of fund managers’ financial statements reveals the soaring profits for the players which is also aligned with the growth in assets or invested funds.
