The Capital Markets Authority has approved eight new Collective Investment Schemes and sub-funds under the Capital Markets Act and the Collective Investment Schemes Regulations, 2023.
- •The approvals cover new product lines from Swala Capital, Lofty Corban, Sanlam, XENO, Globetec, Tradiam and Capital A.
- •CMA Chief Executive Wyckliffe Shamiah said the sector has recorded rising demand, with assets under management crossing KSh 600 billion.
- •The new approvals bring the total number of licensed collective investment schemes in Kenya to 57.
“These approvals reflect the Authority’s commitment to facilitating market development while ensuring robust investor protection and regulatory compliance,” Shamiah said.
New Licensees
The Swala Capital Unit Trust Funds include the Swala Money Market Fund, Swala Balanced Fund and Swala Equity Fund.
Lofty Corban received approval for two special funds, the Lofty-Corban Private Debt Special Fund and Lofty-Corban Global Assets Special Fund.
Sanlam added the Sanlam Multi-Asset Special Kenya Shilling Fund as a new sub-fund under its Sanlam Unit Trust Funds.
XENO secured approval for three USD-denominated products, the XENO Kenya Money Market Fund, XENO Kenya International Equity Special Fund and XENO Kenya Bond Fund.
Globetec’s new scheme includes six products, the Globetec Money Market Fund, Globetec Equity Fund, Globetec Fixed Income Fund, Globetec Dollar Fixed Income Fund, Globetec Multi-Asset Special Fund and Globetec Dollar Multi-Asset Special Fund.
Tradiam’s approval covers the Wekeza Money Market Fund.
Capital A Rejesha received approval for eight funds across KES and USD classes. They include money market, balanced, equity and fixed income products.
