Stanbic Bank Kenya has launched the Stanbic Money Market Fund (KES) and the Stanbic Fixed Income Fund (USD) in which you can invest a minimum of Kshs 1,000 and and USD 100, respectively.
The funds are designed for investors seeking to diversify their portfolios and achieve long-term growth with minimal risk and high liquidity.
Stanbic Bank Chief Executive Kenya and South Sudan Joshua Oigara, said: “To drive growth, we must mobilise domestic savings and investments by strengthening our capital markets and developing investment products that cater to our people’s needs. We need to create accessible entry points for investors, offering affordable and user-friendly solutions that lower barriers to investment. Our Asset Management unit is strategically positioned to deliver investment solutions that drive growth for both retail and institutional investors.”
The funds will be managed by SBG Securities Limited, a subsidiary of Stanbic Holdings Plc.
“We strategically set up a fourth business unit called Insurance and Asset Management to ensure that we were offering a holistic suite of Banking and non-Banking solutions to our clients. Investing in Stanbic’s Unit Trusts offers vast advantages, including expert management and diversification across various asset classes,” said Stanbic Bank Kenya, Head Insurance and Asset Management, Anjali Harkoo.
The funds will be available to both existing and new Stanbic Bank clients, catering to both individual and institutional investors.
“Licensed and regulated by the Capital Markets Authority, these funds adhere to stringent investment guidelines, ensuring stability and security for investors. Leveraging our extensive asset management experience across our Group network, we will implement best investment practices and utilise our robust internal capabilities to deliver value to our clients,” said Anjali.
The funds currently provide investors with an annualized yield of 15.12% for the Money Market Fund (KES) and 5.56% for the Fixed Income Fund (USD). The Money Market Fund charges up to 2% in management fees, while the Fixed Income Fund charges up to 1%.