Unit trust clients hit 2m as assets reach Sh496bn

The assets under management (AUM) of the unit trusts rose by 28 percent to reach Sh496.2 billion in the same period from Sh389.2 billion previously.

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The number of Kenyans invested in collective investment schemes (CISs) or unit trusts, crossed the two million mark at the end of March in the backdrop of heightened interest in the pooled funds.

New data from the Capital Markets Authority (CMA) shows the number of CIS investors rose by 42.7 percent in the opening three months of the year to top 2,021,084 investors at the end of March, from 1,409,343 at the end of last year, an increase of over 600,000 investors.

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