Kenya’s Capital Markets regulator has given a green light to Apollo Asset Management Limited to roll out a collective investment scheme known as Apollo Unit Trust Scheme.
We are an independent investment and wealth management firm. AAMC is licensed by the Retirement Benefits Authority (RBA) and the Capital Markets Authority (CMA) to conduct fund management and investment advisory services.
‘Investors can participate in any of the six sub-funds available in the Scheme for a minimum of Kshs 10,000. The sub-funds are:- a Money Market Fund, Balanced Fund, an Aggressive Growth Fund, Equity Fund, an East African Fund and a Bond Fund.’
Apollo Asset Managers will also be required to constitute a Shariah Advisory Committee to advise the Trustee of the Unit Fund on compliance with Islamic laws and principles, prior to our consideration for approval of a seventh sub-fund, the Apollo Muslim Compliant Fund’.
The approval brings the number of registered collective investment schemes to 20.
Apollo Asset Management is an asset management firm that exclusively deals with the needs of both institutional and individual investors like pension schemes, collective investment funds, SACCOs, corporates, chamas and individual high-net worth investors and their families.The company is a 100% owned subsidiary of Apollo Investments Limited,an insurance and property management company in Kenya.
Source; CMA Kenya
