In this week’s focus, following the continued depreciation of the Kenya Shilling against the US Dollar and various accusations on the Central Bank of Kenya, (CBK), with regards to currency manipulation, we decided to do a note focused on understanding the various currency regimes and how countries use them to ensure currency stability, how to find the value of a currency and the factors that…

The Monetary Policy Committee (MPC) is set to meet on Thursday, 26^th November 2020, to review the outcome of its previous policy decisions and recent economic developments, and to decide on the direction of the Central Bank Rate (CBR). In their previous meeting held on 29^th September 2020, the committee decided to reconvene in November 2020, while highlighting that they…

The 2020 period recorded subdued performance across the various real estate themes resulting from the tough operating environment as the economy grappled with effects of the Coronavirus pandemic. In the retail sector, performance declined recording average rental yields of 6.7%, 0.3% points lower than the 7.0% recorded in 2019. The subdued performance is largely attributed to: i) reduction i…

Following the release of Unit Trust Fund Managers’ results for the first half of 2020, we examine the performance of Unit Trust Funds, with a key focus on Money Market Funds, which is the most popular Unit Trust Funds investment with a market share of 89.6% as at the end of Q2’2020, a rise from 88.0% in Q1’2020. During the period of review, Unit Trust’s Assets Under Management (AUM) grew by …

Kenya Mortgage Refinance Company (KMRC), a treasury backed lender, began lending in September 2020, following approval to operate by the Central Bank of Kenya. The facility is an initiative of the National Treasury and World Bank, formed in 2018 with the aim of supporting the affordable housing initiative, which is part of the government’s Big Four Development Agenda.  KMRC provides sec…

1. FUND PERFOMANCE

*Historical Percentage you can expect to earn with the fund during one year of investment on basis of the so far realized monthly returns

2. FUND MANAGER’S REPORT AND OUTLOOK

Fund…

1. FUND PERFOMANCE

* Percentage you can expect to earn with the fund during one year of investment on basis of the so far realized monthly returns since inception.

2. FUND MANAGER’S REPORT AND OUTLOOK<…

1. Background

According to the International Monetary Fund’s (IMF) World Economic Outlook (WEO) Update June 2020, the global economy is projected to contract at a rate of (4.9%) in 2020, 1.9% lower than their initial outlook of (3.0%) in April 2020, highlighting that the COVID-19 pandemic has had a more severe impact on …

The Capital Markets Authority (CMA) recently published guidelines to Collective Investments Schemes on the valuation, performance measurement and reporting by Fund Managers. The guidelines are aimed at ensuring standardization of the sector as well as consistency across various market players in the sector for the ease of comparison. These new guidelines though a commendable move by the CMA,…

1. FUND PERFOMANCE

* Percentage you can expect to earn with the fund during one year of investment on basis of the so far realized monthly returns since inception.

2. FUND MANAGER’S REPORT AND OUTLOO…