The Capital Markets Authority has released the latest report on the leading Money Market Funds (MMFs) by total assets under management (AUM) in Kenya.
An MMF is a unit trust fund managed by a professional fund manager, providing investors with a safe place to keep their cash while earning a return.
Compared to regular bank accounts, MMFs offer higher returns than bank deposits.
While releasing the Collective Investment Schemes (CIS) Quarterly Report, CMA revealed that the CIC Money Market Fund was the biggest MMF, recording the highest figure of total assets under management (AUM) at Ksh81.8 billion.
