The Capital Markets Authority (CMA) has today approved the registration of 16 new funds across six different asset managers and Investment Banks. The approvals include new unit trust schemes, special funds, and an alternative investment fund, reflecting the Authority’s commitment to deepening Kenya’s capital markets and enhancing financial innovation.
The newly approved funds cater to a wide spectrum of investor needs, ranging from conservative money market products to sophisticated, actively managed multi-asset strategies.
CMA Approved Specialized Strategies: Capital A and Faida Investment Bank
Capital A Investment Bank Limited has been authorized to register two new sub-funds under its existing unit trust: the Capital A Multi Asset Strategy Special Fund (KES) and the Capital A Multi Asset Strategy Special Fund (USD). These funds are designed to be actively managed and event-driven, targeting investors who seek diversified exposure across various asset classes.
Further, Faida Investment Bank Limited has been granted approval for the KETSA Alternative Investment Fund. Established under the 2023 Alternative Investment Funds Regulations, this fund focuses on private debt, equities, and fixed income securities. A unique aspect of this fund is its goal of intermediating institutional capital into structured liquidity and investment opportunities within the SACCO ecosystem.
The CMA also approved two major umbrella schemes to provide investors with diverse risk-return profiles. EDC Asset Management (Kenya) Limited: Their new EDC Kenya Unit Trust Funds comprise five sub-funds
- EDC Kenya Money Market Fund
- EDC Kenya Fixed Income Fund
- EDC Kenya Dollar Income Fund
- EDC Kenya Balanced Fund
- EDC Kenya Equity Fund
Pergamon Investment Bank Limited: The Pergamon Unit Trust Scheme was approved with six sub-funds:
- Pergamon Money Market Fund (KES)
- Pergamon Money Market Fund (USD)
- Pergamon Equity Fund
- Pergamon Fixed Income Fund
- Pergamon Balanced Fund
- Pergamon Special Diversified Income Fund (KES).
CMA Approves Innovative and Converted Funds.
Meridian Asset Management Limited is launching the Meridian Kenya Shilling Total Return Special Fund. This fund aims to maximize absolute returns by combining capital appreciation with income generation while maintaining a focus on capital preservation.
Nabo Capital Limited has received approval to convert the Nabo Africa Balanced Fund (USD) into a special fund now known as the Nabo Ubuntu Special Fund. This fund will utilize the broader investable universe permitted under the Special Fund framework, pursuing long-term appreciation through dynamic multi-asset allocation including equities, derivatives, commodities, and currencies, alongside opportunistic alpha-generation strategies.
As these new products enter the market, the CMA reminds investors of the importance of familiarizing themselves with each scheme before committing capital. Investors must ensure they deal exclusively with licensed and approved capital markets intermediaries to safeguard their investments.
Also Read: CMA Strengthens Capital Markets with Licensing of Six New Intermediaries
