During the month of November, the following fund managers stood out, posting the top 5 Money Market Fund rates as of 30th November, with most recording rather consistent and higher rates compared to the month of October.
1. Cytonn Money Market Fund
Cytonn retained its position as the top money market fund in Kenya with a record annual average return of 10.56%.
2. Zimele Money Market Fund
Zimele had a consistent month and retained second position with an average annual return of 9.91%.
3. Nabo Capital Money Market Fund
Nabo moved two positions up from previous month with an improved and constant rate of return of 9.7% average effective annual rate.
4. Sanlam Pesa+ Money Market Fund
Sanlam dropped one position down compared to October, but with an improved rate of 9.51% effective annual rate.
5. Madison Money Market Fund
Madison came in position 5, a drop from 4th position last month, with a slight improvement in the average effective annual rate of 9.4%.
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