The Kenya Capital Markets Authority has approved the registration of two new umbrella unit trust schemes and additional sub-funds under four existing schemes, expanding the range of regulated collective investment products available to Kenyan investors. The approvals add new money market, fixed income, multi-asset special fund and private-debt special fund options across Kenya shilling and foreign currency denominations. The new umbrella schemes are the Cinemark Unit Trust Fund, promoted by Cinemark Investment Bank Limited, with seven sub-funds, and the Karsis Unit Trust Scheme, promoted by Karsis Asset Managers Limited, with 12 sub-funds. Cinemark's lineup includes Kenya shilling and United States dollar money market, fixed income and multi-asset special funds. Karsis' sub-funds span money market, fixed income, multi-asset special fund and private-debt special fund strategies in Kenya shilling, United States dollar, euro and sterling. Under existing schemes, Absa Asset Management Limited received approval for two global multi-asset special funds in USD and KES, Dry Associates Investment Bank Limited for euro and sterling special fixed income funds, Madison Investment Managers Limited for a USD fixed income special fund, and Tradiam Investments Services Limited for KES and USD fixed income funds. All approvals are subject to continued compliance with the applicable regulations and guidelines.
Kenya Capital Markets Authority2026-07-06
Kenya Capital Markets Authority approves two new umbrella unit trust schemes and new sub-funds across four existing schemes
The Kenya Capital Markets Authority approved two new umbrella unit trust schemes and additional sub-funds under four existing schemes. The approvals expand regulated investment options across money market, fixed income, multi-asset special fund and private-debt special fund strategies in KES, USD, EUR and sterling. All approvals remain subject to ongoing compliance with applicable rules.