Standard Investment Bank, Kenya’s first and only CMA regulated Online Forex Trading Money Manager under the CMA Online Forex Trading Regulations 2017, has released the Q3’2020 performance for its flagship product MansaX , reporting an Annualized Return of 23.3% for the 9 months of the year 2020.
This exceeds its performance in a similar period last year by 1.21% in an economic environment characterized by uncertainty in the local and global markets, attributed to the effects of the COVID-19 pandemic. In the 9 months of 2019, MansaX reported an annualized return of 22.09%.
In a statement, Nahashon Mungai, SIB’s Executive Director for Global Markets said, “Quarter 3 of the year was a period when we decided to build on the impressive work the team had done in the first half of the year. Our ability to deliver a gross return of 23.3% p.a. is further proof that our trading and risk mitigation strategy is designed with the client in mind.” MansaX currently has an AUM of over Kshs 2.2 billion.
“In the final quarter of the year, our priority remains not only giving our clients the best returns, but also maintaining the conservative trading model which ensures we protect investors’ capital. To that end, we will continue to trade cautiously, using our long/short model, which is ideal in the prevailing market volatility,” he added.
MansaX is a global, multi-asset strategy fund that exposes retail and institutional investors to the global markets in five key asset classes: currencies, commodities, precious metals, global stock indices and global single stocks as well as cash and cash equivalents.