The assets under management (AUM) of US dollar-denominated unit trust funds reached Sh41.7 billion in the quarter ended December 2024 as retail investors continue to raise their investment in foreign currency assets despite the recovery of the Kenya shilling.
The AUM of dollar funds grew from Sh34.9 billion in the preceding quarter to September 2024. The value of dollar funds, whose indicated returns is in the mid-single digits, has more than doubled from Sh19.4 billion recorded in March 2024.
