The following fund managers posted the top 6 Money Market Fund rates in Kenya as of 30th October 2021.
1. Cytonn Money Market Fund
Cytonn has consistently remained at the top of the Money Market Fund offering. Cytonn posted an average daily return of 10.42% and an average annual effective rate of 10.53% in October 2021, a drop from the previous month.
2. Zimele Money Market Fund
Zimele MMF came in second, a position higher than the previous month. The fund manager had a steady return of 9.56% average daily yield and 9.91% average effective annual yield.
3. Sanlam Pesa+ Money Market Fund.
The Sanlam Pesa+ MMF moved a position up, recording an average daily return of 8.93% and 9.34% average effective annual yield.
4. Madison Money Market Fund
Madison MMF raised one position compared to last month, recording an average daily rate of 8.925% and an average annual rate of 9.335%.
5. CIC Money Market Fund
CIC MMF moved up into the ranks reporting an average daily rate of 8.72 but came in 6th position with the annual average rate of 9.03%.
6. Nabo Capital Money Market Fund
Nabo MMF dropped 3 positions compared to last month. It ranked sixth in the average daily rate of 8.71 and fifth in the average annual rate of 9.10%.
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