According to Investopedia, “a collective investment fund or scheme is a fund that is operated by a trust company or a bank and handles a pooled group of trust accounts. Collective investment funds combine the assets of various individuals and organizations to create a larger, well-diversified portfolio“.
The following is a list of approved collective investment schemes in Kenya:
- African Alliance Kenya Unit Trust Scheme, comprising of:
- African Alliance Kenya Shilling Fund,
- African Alliance Kenya Fixed Income Fund
- African Alliance Kenya Managed Fund
- African Alliance Kenya Equity Fund.
- British-American Unit Trust Scheme, comprising of:
- British-American Money Market Fund
- British-American Income Fund
- British-American Balanced Fund
- British-American Managed Retirement Fund
- British-American Equity Fund
- Stanlin (Stanbic Unit Trust Scheme), comprising of:
- Stanlib Money Market Fund
- Stanlib Fixed Income Fund
- Stanlib Managed Prudential Fund
- Stanlib Equity Fund
- Stanlib Balanced Fund
- Commercial Bank of Africa Unit Trust Scheme, comprising of:
- Commercial Bank of Africa Money Market Fund
- Commercial Bank of Africa Equity Fund
- Zimele Unit Trust Scheme, comprising of:
- Zimele Balanced Fund
- Zimele Money Market Fund
- ICEA Unit Trust Scheme, comprising of:
- ICEA Money Market Fund
- ICEA Equity Fund
- ICEA Growth Fund
- ICEA Bond Fund
- Standard Investment Trust Funds, comprising of:
- Standard Investment Equity Growth Fund
- Standard Investment Fixed Income Fund
- Standard Investment Balanced Fund
- CIC Unit Trust Scheme, comprising of:
- CIC Money Market Fund
- CIC Balanced Fund
- CIC Fixed Income Fund
- CIC Equity Fund
- Madison Asset Unit Trust Funds, comprising of:
- Madison Asset Equity Fund
- Madison Asset Balanced Fund
- Madison Asset Money Market Fund
- Madison Asset Treasury Bill Fund
- Madison Asset Bond Fund.
- Dyer and Blair Unit Trust Scheme, comprising of:
- Dyer and Blair Diversified Fund
- Dyer and Blair Bond Fund
- Dyer and Blair Money Market Fund
- Dyer and Blair Equity Fund
- Amana Unit Trust Funds Scheme, comprising of:
- Amana Money Market Fund
- Amana Balanced Fund
- Amana Growth Fund
- Diaspora Unit Trust Scheme, comprising of:
- Diaspora Money Market Fund
- Diaspora Bond Fund
- Diaspora Equity Fund
- First Ethical Opportunities Fund (First Community Bank)
- Genghis Unit Trust Funds, comprising of:
- GenCap Hazina Fund
- GenCap Eneza Fund
- GenCap Hela Fund
- GenCap Iman Fund
- Gencap Hisa Fund
- UAP Investments Collective Investment Scheme comprising of:
- UAP Money Market Fund
- UAP High Yield Bond Fund
- UAP Enhanced Income Fund
- UAP Dividend Maximizer Fund
- Pan Africa Unit Trust Scheme, comprising of:
- Pan Africa Money Market Fund (Pan Africa Pesa Plus Fund)
- Pan Africa Dividend Plus Fund (Pan Africa Faida Plus Fund)
- Pan Africa Balanced Fund (Pan Africa Chama Plus Fund)
- Nabo Unit Trust Fund, comprising of:
- Nabo Africa Money Market Fund
- Nabo Africa Balanced Fund
- Nabo Africa fixed income Fund
- Nabo Africa Equity fund
- Old Mutual Unit Trust Scheme, comprising of:
- Old Mutual Equity Fund
- Old Mutual Money Market Fund
- Old Mutual Balanced Fund
- Old Mutual East Africa Fund
- Old Mutual Bond Fund
- Equity Investment Bank Unit Trust Scheme, comprising of:
- Equity Investment Bank Money Market Fund
- Equity Investment Bank Balanced Fund
Suggested Reading
How to invest in unit trusts.