- Stanbic Bank launches two funds, offering returns in local currency and USD
- Kenya’s unit trust market sees rising competition and growing retail investor interest
Nairobi, Kenya – Stanbic Bank Kenya is the latest commercial bank to enter the country’s competitive unit trust market after securing regulatory approval to launch two new funds. Targeting investors seeking returns in both local currency and US dollars, the bank’s KSh fund offers a yearly return of 15.12%, while the USD fund offers a 5.56% yield. Investors can start with amounts as low as KSh 1,000 ($7.74) and $100, according to the bank.
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