The Capital Markets Authority (CMA) has significantly expanded investment avenues for Kenyans by approving two new umbrella unit trust schemes and several additional sub-funds under existing collective investment schemes.

• The approvals aim to increase product diversity and offer investors more regulated savings and investment options across various fund types and currencies.
• Key organizations involved include the CMA, Cinemark Investment Bank Limited, and Karsis Asset Managers Limited, as well as other asset managers like Absa Asset Management Limited and Dry Associates Investment Bank Limited.
• The newly approved schemes, such as the Cinemark Unit Trust Fund with seven sub-funds and the Karsis Unit Trust Scheme with 12 sub-funds, cover money market, fixed income, multi-asset, and private debt strategies in multiple currencies including Kenya shillings, US dollars, euros, and sterling pounds.