Money market funds good way to invest in uncertain times

Money market funds have the flexibility to invest in instruments denominated in foreign currencies. [iStockphoto]

Kenya, like many emerging economies, has had a fair share of economic ups and downs. Inflation rates have soared, the cost of living has escalated, and the shilling is experiencing bouts of depreciation.

So where are Kenyan investors putting their hard-earned money? This reality is best exemplified by the latest data from the Capital Markets Authority that revealed that Kenyans placed Sh131.5 billion or 74.7 per cent of their funds in money market funds ahead of others like equity funds.