This is a Collective Investment Schemes Performance Report as at December 31, 2025.
Before you invest your money in a fund… ask yourself one question:
How big is the fund manager handling your money?
In the investment world, size matters.
Some fund managers in Kenya control over Ksh 20 Billion in investors’ money.
Others manage only a few million.
And that difference can tell you a lot about experience, investor trust, and market influence.
Today, let’s look at the largest fund managers in Kenya and the size of the money they control.
What Is a Collective Investment Scheme (CIS)?
A CIS is a regulated investment vehicle that pools money from many investors and invests it in a diversified portfolio of assets.
These assets may include:
Stocks
Bonds
Money market instruments
Real estate
Alternative investments
This structure allows you to access professional investment management, even if you start with a small amount.
In Kenya, CIS are regulated by the Capital Markets Authority (CMA) to ensure transparency, accountability, and investor protection.
Types of Collective Investment Schemes
1. Money Market Funds – Invest in short-term, low-risk assets such as Treasury Bills and fixed deposits.
2. Equity Funds – Invest primarily in shares listed on the Nairobi Securities Exchange (NSE).
3. Balanced Funds – A mix of stocks, bonds, and cash to balance risk and returns.
4. Bond Funds – Focus on government and corporate bonds for relatively stable income.
5. Special Funds – Invest in alternative assets such as global markets, forex, private equity, and niche strategies.
CIS Market Performance – Q4 2025 Snapshot
As at December 31, 2025:
Kenya had 59 approved Collective Investment Schemes, managing 282 funds.
However, only 40 funds are currently active.
Total Assets Under Management (AUM) reached Ksh 756.2 Billion, an 11% increase from Ksh 679.6 Billion in September 2025.
This strong growth was driven by:
Expansion of existing CIS funds
New funds launched under umbrella schemes
Aggressive investor education and marketing by fund managers
Market Share by Fund Type
Money Market Funds → Ksh 423.7B (56%)
Fixed Income Funds → Ksh 164.4B (21.7%)
Special Funds → Ksh 162.4B (21.5%)
Equity Funds → Ksh 3.5B (0.5%)
Balanced Funds → Ksh 2.1B (0.3%)
Top 5 Most Improved CIS Funds (Q4 2025)
- CPF Unit Trust Scheme → 734.1% Growth
- Arvocap Unit Trust Funds → 61% Growth
- Mayfair Unit Trust Funds → 57.5% Growth
- GenAfrica Unit Trust Scheme → 44.4% Growth
- Gulfcap Unit Trust Funds → 27.9% Growth
Below is the market share of 34 Collective Investment Schemes as at December 31, 2025.
How Is Your Fund Manager Performing?
Alex Mwangi | The Cent Warrior
WhatsApp 0703472299
