Investment Schemes Hit Ksh.175.97 Billion Led by CIC with Ksh.59.9 Billion Market Share

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.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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