CMA Reveals Where Kenyans Are Rushing to Invest as MMFs Lose Ground

Jukwaa

🇰🇪 Breaking It Down

According to the CMA’s Collective Investment Schemes (CIS) Quarterly Report for the period ended June 30, 2026, Special Funds grew by 24 per cent during the quarter, while Fixed Income Funds increased by 15 per cent.

Despite MMFs remaining the most dominant investment scheme, the Fund recorded a comparatively slower four per cent growth during the same period.

“The growth of fixed-income funds hit double digits post-December 2021, reducing the dominance of money market funds from regions of 90 per cent in March 2020 to 49 per cent in June 2026,” CMA revealed.

📌 What You Need to Know

The report showed that MMFs accounted for 90 per cent of CIS investments in 2020, but their share had fallen to 48 per cent by June 2026, with Special Funds growing from 5 per cent to 27 per cent over the same period.

Fixed Income Funds also recorded significant growth, rising from 2 per cent in March 2020 to 24 per cent by June 2026, depicting increased investor preference for the fund.

The change in preference for the MMFs could be attributed to the Fund’s declining interest rate over time, as opposed to the Fixed Income Fund and the Special Funds whose interest rates remain elevated.

Under the Special Funds, Mansa-X stands out as the best-performing special fund, followed by Oak Multi Asset and Maddison Wealth Fund.

In MMF, SanlamAllianz Money Market Fund was the dominant followed by CIC Money Market Fund and Old Mutual Money Market Fund.

The CMA report also showed that investors were increasingly turning to foreign-currency-denominated funds, whose assets rose by 15 per cent from Ksh95.9 billion in March to Ksh110.5 billion in June 2026.

📰 Source: Kenyans.co.ke

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