![Investment Schemes Hit Ksh.175.97 Billion Led by CIC with Ksh.59.9 Billion Market Share](https://metropoltv.co.ke/wp-content/uploads/2023/11/Wycliffe-Shamia-CMA-Chief-Executive-Officer-780x470.jpg)
In the quarter ended June 2023, the Total Assets Under Management (AUM) by the Collective Investment Schemes (CISes) reached KShs.175.97 Billion, showing a 1.7 percent increase from the KShs.164.28 Billion managed in the previous quarter ended March 2023.
Data by Capital Markets Authority (CMA) indicates that CIC emerged as the leader in market share with assets totaling Ksh.59.9 billion, marking a 4.6 percentage point increase from Ksh.56.9 billion.
Following closely behind were NCBA with Ksh.30 billion, Sanlam with Ksh.18.1 billion, ICEA with Ksh.15.5 billion, and Britam with Ksh.13.6 billion.
The majority of the total AUM was invested in fixed deposits, reaching Ksh.78.1 billion in June from Ksh.64.8 billion, representing a significant 44.41 percent increase.
Investments by the state decreased to Ksh.75.3 billion from Ksh.75.9 billion, while off-shore investments saw a 2.8 percent improvement, reaching Ksh.742 million from Ksh.722 million.