Skip to main content
search

At CIC we are committed to maintaining open and transparent communication with our shareholders and investors in order to nurture a strong relationship with them.

Market Commentary

Key Features

Fund Manager

CIC Asset Management Ltd

Launch Date

Jun - 11

Risk Profile

Low - Medium

Trustee

Kenya Commercial Bank

Custodian

Co-op Custodial Services

Auditors

PWC

Minimum Investment

Ksh 5,000,000

Minimum Additional Investment

Ksh 1,000,000

Initial Fee

0

Annual Management Fee

2.00%

Distribution

Maturity

Asset Under Management

KES 936 Million

Fund Objective
  • Capital preservation
  • Enhanced level of return with slightly elevated risk profile compared to Money market.
  • Ideal for short term cash management.
GDP

Kenya’s economy expanded by 4.0% in the third quarter of 2024, a decline from a 6.0% growth in the same quarter 2023. The slowdown was largely caused by contraction in critical sectors-Construction, Mining and Quarry-ing. However, the slower GDP growth observed in Q3 2024 was bolstered by strong performance in specific sectors (agriculture, accommodation services, and transportation) despite overall economic deceleration compared to previous years.

Inflation

Headline inflation edged up to 3.6% in March 2025 from 3.5% in Feb 2025, largely on account of increase in prices of food and non-alcoholic beverages. Food inflation increased to 6.6% from 6.1% in Feb 2025 predominantly owing to the rise of vegetables and maize flour prices. Core inflation, stood at 2.2 % in March 2025, a rise from 1.9% in Feb 2025 while non-core to 7.4% from 7.1% over the same period

Interest Rates

In February, the Monetary Policy Committee voted to lower the policy rate to 10.75% from 11.25% having reviewed the out-comes of its previous decisions to anchor inflationary expectations and maintain exchange rate stability. The short-term papers continue to record a decline, with the 91-, 182- and 365-day papers closing at 8.79%, 9.06% and 10.41% respectively.

Interest Rates

Rates on government securities have begun to pare down in line with the benchmark rate cut by the CBK Monetary Policy Committee. The wealth fund rates are therefore expected to gradually drop though should remain attractive as rates remain elevated compared to prior periods.

Fund Performance

Asset Allocation

Yield Curve

Maturity Profile

Statutory Disclaimer: The value of units may go down as well as up and past performance is not necessarily a guide to the future. There are no guarantees on the client’s capital as the performance of units in the fund is determined by changes in the value of underlying investments hence value of your unit trust investment. Effective annual yield is presented net of fees
and gross of withholding tax.

Close Menu