Top 15 Money Market Funds in Kenya: June 2023
Zimele Money Market Fund experienced a significant drop in rankings as well to move into fourteenth position after recording an average annual yield rate of 9.56%.
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June 2023 Market Wrap-up Report
Understand the risks of bond default payment by the government and explore strategies such as extended duration and haircuts to mitigate potential losses. Protect your investments with informed decisions.
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Mastering Your Finances at a Young Age: 6 Essential Tips and Tricks
Secure your financial well-being with these invaluable tips for young adults. Learn the importance of budgeting, saving, and making informed financial decisions for a stable future.
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Planning for Retirement in Your 20s and 30s: Why It’s Never Too Early
One of the greatest advantages of starting your retirement planning early is harnessing the power of compound interest. By investing small amounts consistently over a long period, you allow your money to grow exponentially. The earlier you start, the longer your investments have to compound, potentially leading to substantial returns over time.
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Bonds Market News Flash: June 2023
CBK has issued a 7-year Bond seeking to raise KES. 60 Billion for funding infrastructure projects in the FY 2022/2023 budget estimates. The Auction date for the IFB1/2023/007 is on 14/06/2023.
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Top 10 Money Market Funds in Kenya: May 2023
In the month of May 2023, Apollo MMF maintained its position as the best-performing MMF with an average effective annual yield of 10.71%, showcasing an improved performance from the month of April where it recorded an average effective annual rate of 10.49%. Cytonn MMF and Madison MMF maintained the top 3 positions, coming in second…
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May 2023 Market Wrap-up Report
Our featured investment solution segment demystifies the complex world of pension schemes and medical insurance in Kenya. Find out about the National Social Security Fund (NSSF) and the National Hospital Insurance Fund (NHIF) in Kenya, and how you can benefit from these investment solutions.
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April 2023 Market Wrap-up Report
During the month of April, the equities market was on a downward trend. The NASI, NSE 20, and NSE 25 declined by 4.5%, 2.7%, and 3.7% respectively over the month of April. The poor performance in the equities market was driven by losses recorded by large-cap stocks such as Bamburi, Standard Chartered Bank of Kenya (SCBK), Safaricom, KCB Group, and EABL of 14.3%, 12.4%, 8.8%, 7.5% and 6.6%, respectively.
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Top 10 Money Market Funds in Kenya: April 2023
In April 2023, Cytonn’s MMF moved down into second place with an average annual return rate of 10.46%. You will need an Initial minimum investment of KES 1,000 to start investing with Cytonn MMF and regular top-ups from as low as KES 100.
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Active vs Passive Investing: Which is the Best Strategy for You?
Active and passive investing are two different investment strategies, each with its own advantages and disadvantages. The choice between active and passive investing depends on an investor’s investment goals, risk tolerance, and investment experience.
