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.
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.
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.
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…
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.
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.
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.
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.
Investors’ funds are diversified across over 100 assets at any given moment. This considerably limits concentration risk by spreading investments across different asset classes, industries, sectors, geographic regions, and investment styles. Even while diversifying, the fund ensures that any single asset does not hold more than 1% of the fund AUM to further limit risk.
CBK has opened the second tap sale of IFB1/2023/17 infrastructure bonds to raise KES. 10 Billion. Get all the details about the tap sale of the infrastructure bonds.
In a major boost to the government’s affordable housing agenda, LAPTRUST has listed the first-ever income-real estate investment trust issued by a pension fund at the Nairobi Securities Exchange. With 346,231,413 units available at Sh20 each, the Imara I-REIT is valued at Sh6.9 billion and represents a significant step forward for the sector.