The steady decline in Money Market Funds (MMF) rates over the first half of the year reflects the direct impact of falling inflation and stabilizing economic conditions, which have led to lower yields on short-term investments such as Treasury Bills (T-bills)—a key component of MMF portfolios due to their low-risk, short-term nature. Despite this…
MARKET WRAP-UP REPORT – MAY 2025 MONEY MARKETS FUNDS The steady decline in Money Market Funds (MMF) rates over the last months, reflects the direct impact of falling inflation and stabilizing economic conditions, which have led to lower yields on short-term investments such as Treasury Bills (T-bills), a key component of MMF portfolios due…
The steady decline in Money Market Fund (MMF) rates over the last few months reflects the direct impact of falling inflation and stabilizing economic conditions, leading to lower yields on short-term investments like Treasury Bill (T-bill) returns, which form a significant component of MMF yields due to their low-risk, short-term nature. Despite the overall decline,…
The steady decline in Money Market Fund (MMF) rates over the last few months reflects the direct impact of falling Treasury Bill (T-bill) returns, which form a significant component of MMF yields due to their low-risk, short-term nature. Despite the overall decline, Gulfcap Money Market Fund has outperformed its peers, achieving an average daily return…
The average daily effective rate for MMFs had a significant drop to 11.93% p.a. in February, from 12.19% in January because of the significant drop of the Treasury Bills as the benchmark. In terms of individual performance, Gulfcap Money Market Fund outperformed its peers, achieving an average daily return of 15.06% p.a. (netting 12.08% p.a.)….
Manager Name of Fund Average net return -tax Cytonn Asset Managers Limited Cytonn Money Market Fund 15.35 13.05 Gulfcap Gulfcap Money Market Fund 15.06 12.80 Lofty-Corban Lofty-Corban Money Market Fund 14.93 12.69 Etica Capital Limited Etica Money Market Fund 14.57 12.38 Kuza Asset Management Limited Kuza Money Market Fund (KES) 14.31 12.16 Arvocap Arvocap Money…
Fund Manager Name of Fund Daily Average Return % Net Return after Tax % Cytonn Asset Managers Limited Cytonn Money Market Fund 16.60 14.11 Lofty-Corban Lofty-Corban Money Market Fund 16.24 13.81 Etica Capital Limited Etica Money Market Fund 15.80 13.43 Arvocap Arvocap Money Market Fund 15.44 13.12 Kuza Asset Management Limited Kuza Money Market Fund…