Absa Asset Management Limited (AAML), the asset management subsidiary of Absa Bank Kenya PLC, has received regulatory approval from the Capital Markets Authority (CMA) to register two new special funds under the Absa Unit Trust Scheme.
The approval clears the way for the launch of the Absa Global Multi-Asset Special Fund (USD) and the Absa Global Multi-Asset Special Fund (KES). These will give investors access to professionally managed global investment opportunities while enabling greater portfolio diversification.
According to the CMA, the new funds comply with the requirements of the Capital Markets (Collective Investment Schemes) Regulations, 2023 and have been approved as additional sub-funds under the existing Absa Unit Trust Scheme.
Elizabeth Irungu, Head of Absa Asset Management Limited, said the approval reflects the company’s commitment to developing investment solutions that meet the evolving needs of investors.
“As investors increasingly seek diversified opportunities that can help them achieve their financial goals, the introduction of these Global Multi-Asset Special Funds provides them with additional avenues to grow and preserve wealth while benefiting from professional fund management,” she said.
Upon launch, the two Global Multi-Asset Special Funds will seek to provide investors with diversified exposure to a range of asset classes through professionally managed investment strategies designed for varying financial objectives and risk appetites.
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at info@techarena.co.ke.
Also Read: Absa Bank Kenya Appoints Diana Mwaniki as Acting Chief Financial Officer