The Capital Markets Authority (CMA) has just released its Quarterly Statistical Bulletin, highlighting that the total Assets Under Management (AUM) recorded a growth of 2.0% to Kshs 164.3 billion as of Q1’2023, up from Kshs 161.0 billion as at FY’2022.
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CIC Unit Trust Scheme remained the largest overall Unit Trust Fund, accounting for 34.7% Market share with an AUM of Kshs 57.0 billion in Q1’2023, albeit lower than the Kshs 61.3 billion in FY’2022
In terms of AUM growth, NCBA unit trust schemes recorded the highest growth, with its AUM increasing to Kshs 2.4 billion in Q1’2023, equivalent to a 9.5% AUM growth, to Kshs 27.7 billion in Q1’2023 from Kshs 25.3 billion in FY’2022. The current AUM represented a market share of 16.9%.
On the other hand, CIC Unit Trust Scheme recorded the largest decline, with its AUM declining by Kshs 4.3 billion, equivalent to a 7.0% decline in AUM, to Kshs 57.0 billion in Q1’2023, from Kshs 61.3 billion in FY’2022.
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Additionally, there were 4 Collective Investment Schemes (CISs) that became active, that is, Mali Money Market Fund, Kuza Unit trusts, KCB unit trusts and Etica Capital Unit trusts, increasing the number of active collective investment schemes to 25.
