Pension players back investment trusts to fund housing

Hosea Kili Association of Pension Trustees and Administrators of Kenya (Aptak) chairman at the annual APTAK Conference in Mombasa last week. [Wainaina Wambu, Standard]

Kenyan pension stakeholders have backed investment trusts to pool funds for capital-intensive and long-term projects such as affordable housing and infrastructure.

This is as the Sh1.6 trillion asset-rich sector puts its skin in the game amid calls to diversify its traditionally conservative portfolio from investments such as bonds and fixed deposits to long-term projects and other alternative asset classes.