The gap between Money market funds and Special funds continues to narrow down.
MMFs now only make up about 48% of the total Assets Under Management held by Collective investment schemes in Kenya. Down from 75% three years ago and 95% five years ago.
Special funds continue to rise and have now surpassed fixed income funds to be the second popular collective investment scheme after money market funds at 27% of total AUM.
At the current rate, special funds may be the most popular fund by late 2028
What is driving people away to special funds?
The answer is simple: high returns.
On the special funds front, Mansa X leads with a 74% total allocation of AUM and is now the largest collective investment scheme having dethrone Sanlam Allianz and CIC Asset Management
The brain processes deciding whether to start a task as far more exhausting than the task itself. Once you begin, energy consumption drops because execution requires less energy than hesitation.
I was not ready for the level of detail in Michelangelo’s massive marble sculpture of David (and the sling that defeated Goliath) in Florence 🇮🇹
I have many questions
To think big-picture, you must give yourself permission to take a different path, break new ground, and discover new worlds to conquer. And when your world grows bigger, you need to celebrate.
Gen-Zees have the constitutional right to Peaceful demonstrations in remembrance of their late colleagues brutally murdered by the Police on 25th June 2024. The regime in Power will be held responsible for any further deaths this Thursday;using goons as a pretext for killings..