Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Special funds take record 24pc market share as MMFs fade
Participants attend the fourth Business Daily Investor Education Conference in Nairobi on May 29, 2026. Growing investor awareness and financial literacy are helping drive increased uptake of collective investment schemes.
Photo credit: Francis Nderitu | Nation Media Group
Special funds, a sub-category of unit trusts, captured a record 23.9 percent market share in March 2026 as investors flocked to the investment vehicles in search of relatively higher returns.
Money market funds (MMFs), which invest primarily in Treasury bills and commercial bank fixed deposits, lost ground over the same period, with their market share falling to 51.9 percent from 64.4 percent a year earlier.
