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Unit trusts assets rise by Sh62.3bn in three months on entry of new fund managers
Unit trusts have equally been attractive to investors particularly individuals and households based on the double digit returns on offer from the funds.
The assets under management (AUM) by collective investment schemes (CISs) rose by a record Sh62.3 billion in three months ended September to hit Sh316.4 billion.
The growth in the AUM of the schemes, also known as unit trusts is largely attributable to the inclusion of Standard Investment Bank (SIB) multi-asset fund Mansa X, as a special CIS.
