In a move aimed at enhancing product diversity and deepening investor access, the Capital Markets Authority (CMA) has announced approvals for three fund managers to establish new collective investment schemes and sub-funds.
Sanlam Investments East Africa received the green light to launch the Sanlam Special GBP Fixed Income Fund, a new sub-fund under its existing framework. Denominated in British Pounds (GBP), the offering introduces currency diversification and appeals to global-minded investors seeking fixed-income exposure.
ALA Capital Limited has been authorized to register the ALA Capital Collective Investment Scheme, a six-fund structure tailored to varying risk profiles and asset classes:
- ALA Balanced Fund
- ALA Multi-Asset Special Fund
- ALA Equity Fund
- ALA Fixed Income (KES) Fund
- ALA Money Market Fund (USD)
- ALA Money Market Fund (KES)
The launch reflects a strategic positioning to meet the growing demand for multi-asset and currency-specific investment options.
Meanwhile, VCG Asset Management Limited secured approval to introduce three funds under the VCG Offshore Opportunities Special Funds platform:
- VCG Offshore Money Market Fund (KES)
- VCG Offshore Money Market Special Fund (USD)
- VCG Offshore Fixed Income Special Fund (KES)
The diversification across currencies underscores Kenya’s capital market evolution and its alignment with international investment flows.
FCPA Wycliffe Shamiah, Chief Executive Officer of CMA, emphasized that collective investment schemes continue to attract robust interest, with total assets under management now exceeding KES 500 billion. “We remain committed to facilitating innovation that expands investor choice and contributes to sustainable economic growth,” he noted.
These developments affirm CMA’s strategic commitment to broadening Kenya’s capital market architecture, encouraging both retail and institutional participation through regulated, transparent instruments.
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