Sharp Daily
No Result
View All Result
Monday, September 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

CIC Asset Management Retains Market Leadership Position

Editor SharpDaily by Editor SharpDaily
September 19, 2022
in Investments
Reading Time: 2 mins read
CIC Asset Management

CIC Asset Management has retained its leading position in unit trusts in Kenya, with a 40.46% market share.

The Capital Markets Authority (CMA) Q2 2022 shows that CIC Unit Trust scheme market share is the largest unit trust scheme with assets under management at Ksh56.9 billion as of March 2022, which is a 1.14% rise compared to Ksh56.2 billion as of December 2021.

CIC Asset Management Managing Director Mr Stanley Mutuku noted that the economy was on a growth trajectory and this is reflected in the performance.

“The positive results in the market performance can be attributed to the nature of the company in ascertaining our clients’ needs and coming up with solutions that fit their respective individual needs. Our research and development teams are up to par with the required standards and are coming up with unique products for the modern consumer,” said Mr Mutuku.

RELATEDPOSTS

photo/ courtesy

CIC Profit after tax hits Kshs. 1.1 billion in FY’2022 Results

March 23, 2023

Read: Britam Appoints Tom Gitogo As New MD

In the half-year results of 2022, CIC Asset Management’s profit before tax increased from KSh225 million same period last year to Ksh274 million which was attributed to the growth of assets under management. There was a growth of 19% in assets under management from Ksh89 billion last year to Ksh106.7 billion this year.

CIC Asset Management runs collective investment schemes and pension products offered in the Kenyan market.

In pension which revolves around retirement planning, the company has Umbrella Retirement Fund designed for small and medium enterprises (SMEs) and larger organizations willing to set up segregated retirement benefits schemes. The other product is the income draw-down fund, which allows re-investment of retirement savings.

Under the collective investment schemes, the investment company has 6 products with the Money Market Fund taking the lead. The firm invests in the stocks of listed companies for growth and in interest-bearing investment options for income. The company’s Equity Fund invests in the Nairobi Securities Exchange while the CIC Dollar Fund invests in dollar currency through fixed deposits and bonds.

Fixed Income Fund focuses on long-term fixed income instruments such as bonds while the CIC Wealth Fund invests in diversified fixed deposits and high-yielding interest-bearing investment options in the Kenyan market.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Diaspora Remittances Post 14.7 Percent Increase In August

Next Post

How Kenyan Nurses Swindled US State Ksh. 12 Billion

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Investments

Bank on your paycheck: Invest smart with CMMF

August 26, 2025
Analysis

AI and the future of investment research

August 22, 2025
Analysis

Why private credit gaining traction in emerging markets

August 21, 2025
Analysis

Reopened infrastructure bonds oversubscribed as investors seek higher yields

August 15, 2025
Analysis

Understanding foreign investor outflows

August 15, 2025
Analysis

The rise of ESG investing in Kenya: A shift toward sustainable finance

August 14, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024