CMA Approves Eight New Collective Investment Schemes to Deepen Kenya’s Capital Markets
Nairobi, 26 November 2025 — The Capital Markets Authority (CMA) has granted approvals for the establishment of eight new Collective Investment Schemes (CIS) and sub-funds, in line with the Capital Markets Act and the Capital Markets (Collective Investment Schemes) Regulations, 2023.
The approvals are part of the Authority’s ongoing efforts to enhance product diversification, strengthen investor protection, and deepen Kenya’s capital markets through the expansion of regulated collective investment vehicles.
The approved schemes and sub-funds are Swala Capital Unit Trust Funds comprising Swala Money Market Fund, Swala Balanced Fund, Swala Equity Fund
Lofty Corban Unit Trust Scheme with the following sub-funds; Lofty-Corban Private Debt Special Fund and Lofty-Corban Global Assets Special Fund
Sanlam Unit Trust Funds with a new sub-fund named Sanlam Multi-Asset Special Kenya Shilling Fund.
XENO Unit Trust Scheme comprising XENO Kenya Money Market Fund (USD), XENO Kenya International Equity Special Fund (USD) and XENO Kenya Bond Fund (USD)
Globetec Unit Trust Scheme comprising Globetec Money Market Fund, Globetec Equity Fund, Globetec Fixed Income Fund, Globetec Dollar Fixed Income Fund, Globetec Multi-Asset Special Fund and Globetec Dollar Multi-Asset Special Fund
Tradiam Unit Trust Scheme comprising Wekeza Money Market Fund
Capital A Rejesha Umbrella Collective Investment Scheme comprising Capital A Rejesha Money Market Fund (USD), Capital A Rejesha Money Market Fund (KES),Capital A Rejesha Balanced Fund (KES),Capital A Rejesha Balanced Fund (USD),Capital A Rejesha Equity Fund (KES),Capital A Rejesha Equity Fund (USD),Capital A Rejesha Fixed Income Fund (KES) and Capital A Rejesha Fixed Income Fund (USD)
Commenting on the approvals, CMA Chief Executive Officer, Mr. Wyckliffe Shamiah, noted: “The expansion of Collective Investment Schemes is a key driver in promoting savings and investment in the country. We have witnessed a continued appetite for CIS funds which have now crossed the Ksh.600 billion mark in terms of Assets Under Management. These approvals reflect the Authority’s commitment to facilitating market development while ensuring robust investor protection and regulatory compliance.”
The new schemes bring the total number of approved collective investment schemes in Kenya to fifty seven (57) contributing to the diversification of investment options available to retail and institutional investors in the market.
ENDS
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair, and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence. CMA also regulates the commodity markets and online forex trading. The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors’ interest. For more information, please contact: Antony Mwangi, Manager Corporate Affairs & International Relations on amwangi@cma.or.ke
