The Capital Markets Authority (CMA) has unveiled a list of the most popular Money Market Funds (MMFs) in Kenya amid growing preference for the investment scheme.
An MMF is a low-risk investment that provides a platform for individuals to save while earning interest and allowing them to withdraw their finances anytime they need.
According to CMA, per its Collective Investment Scheme (CIS) report for the second quarter of this year, published on Thursday, August 14, between April and June, the Sanlam Unit Trust was the most popular MMF.
Sanlam retained its winning streak with a market share of 19.1 per cent, with Assets Under Management (AUM) standing at Ksh113 billion.
