Nairobi, Kenya – The Capital Markets Authority (CMA) has approved the registration of several Collective Investment Schemes, comprising new unit trust schemes, special funds and an alternative investment fund.
According to CMA, the new funds will broaden the range of regulated savings and investment options available to Kenyan investors.
“This is in line with the Authority’s ongoing efforts to deepen Kenya’s capital markets, enhance innovation and expand access to investment services across diverse investor segments,” read a statement released on Tuesday, May 26, in part.
Among the schemes approved is the Capital A Multi Asset Strategy Special Fund (KES) and the Capital A Multi Asset Strategy Special Fund (USD).
Capital A Investment Bank Limited has been authorised to register two new sub-funds under the existing Capital A Unit Trust.
The funds will pursue an actively managed, event-driven multi-asset strategy and target investors seeking diversified exposure across asset classes.
The Authority has also approved Faida Investment Bank Limited to register the KETSA Alternative Investment Fund.
Established as a trust in accordance with the Capital Markets (Alternative Investment Funds) Regulations, 2023.
The Fund will invest in private debt, equities, money market instruments, fixed income securities and other approved asset classes, with a focus on intermediating institutional capital into prudently structured liquidity and investment opportunities within the SACCO ecosystem.
Further expanding the unit trust market, CMA has approved EDC Asset Management (Kenya) Limited to register the EDC Kenya Unit Trust Funds, an umbrella scheme.
They comprise five sub-funds: the EDC Kenya Money Market Fund, the EDC Kenya Fixed Income Fund, the EDC Kenya Dollar Income Fund, the EDC Kenya Balanced Fund and the EDC Kenya Equity Fund.
The umbrella scheme will offer investors a spectrum of risk-return profiles, from capital preservation through to long-term capital growth.
The Authority has additionally approved Pergamon Investment Bank Limited to register the Pergamon Unit Trust Scheme, comprising six sub-funds: the Pergamon Money Market Fund (KES), the Pergamon Money Market Fund (USD), the Pergamon Equity Fund, the Pergamon Fixed Income Fund, the Pergamon Balanced Fund and the Pergamon Special Diversified Income Fund (KES).
The Authority also approved Meridian Asset Management Limited to register the Meridian Asset Management Scheme, an umbrella unit trust scheme launching with one sub-fund, the Meridian Kenya Shilling Total Return Special Fund, which seeks to maximise absolute returns while preserving capital through a combination of capital appreciation and income generation.
Finally, the Authority has approved Nabo Capital Limited to convert the Nabo Africa Balanced Fund (USD) into a special fund renamed the Nabo Ubuntu Special Fund.
The converted fund will pursue long-term capital appreciation through dynamic multi-asset allocation across equities, fixed income, derivatives, commodities, currencies, and fund-of-funds, alongside opportunistic alpha-generation strategies, taking advantage of the broader investable universe permitted under the Special Fund framework.
CMA cautioned investors to deal with licensed intermediaries and familiarise themselves with any scheme before investing.
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