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Unit trusts defy falling interest rates to hit Sh389bn in assets
CMA has approved 54 collective investment schemes as of December 31, 2024, with the investment vehicles offering 232 funds out of which 37 are tagged as active.
Collective investment schemes or unit trusts have defied falling interest rates to increase their assets under management (AUM) to Sh389.2 billion in the three-month period to December 2024 from Sh316.4 billion in September.
The 23 percent jump in AUM for the funds has been achieved against a backdrop of declining rates on government securities and fixed deposit accounts, where the bulk of cash from the schemes is packed.
