Unit trust investment companies stunted growth
KTN News Sep 11,2018
Unit trust investment companies recorded stunted growth in their first half year performance this year. The reports show miniature growth of 0.3 percent to 55.2 billion Shillings in 2018 from 55.1 billion shillings in the year 2017. Cooperative insurance company (cic) asset managers, however uniquely stood out for the strongest growth in total assets under management of 21.4 percent. An increase of 2.8 billion shillings. Notable also is that money market funds with a 2.1 percent growth increase are growing fast compared to the overall market. seriani money market, with the most competitive yield fund tops the bar presenting annual yield of 11.62 percent.