Category: Capital Markets

Special funds in Kenya are the fastest-growing corner of the collective investment scheme market, now worth over KES 200 billion and rising. This article explains what a special fund actually is, how it differs from an alternative investment fund, and what you should check before you invest. Series note: This is the third and final…

Collective investment schemes in Kenya let ordinary savers pool their money into professionally managed unit trusts, special funds and other vehicles regulated by the Capital Markets Authority. This article, the second in a three-part series, explains exactly who may lawfully operate a collective investment scheme in Kenya, how a unit trust is built, what kinds…

Series note: This is Article 1 of a three-part series on the history of investment funds and collective investment schemes. Article 1 traces the global history of investment funds and their legal origins. Article 2 turns to the Kenyan context, the Capital Markets Act, the Capital Markets (Collective Investment Schemes) Regulations, 2023, the types of…