By Ken Muthomi - Reporter
Kenya, 5 August 2026 - Absa Asset Management Limited (AAML) has received regulatory approval from the Capital Markets Authority (CMA) to register two new special funds under the Absa Unit Trust Scheme.
The approval allows AAML, the asset management subsidiary of Absa Bank Kenya PLC, to introduce the Absa Global Multi-Asset Special Fund (USD) and the Absa Global Multi-Asset Special Fund (KES), both of which are set to be launched in the coming months.
The authority has indicated that the funds met the requirements of the Capital Markets (Collective Investment Schemes) Regulations, 2023, paving the way for their registration as additional sub-funds under the existing Absa Unit Trust Scheme.
The bank is optimistic that the two new products will complement its existing investment portfolio, which includes the Absa Shilling Money Market Fund, Absa Dollar Money Market Fund, Absa Fixed Income Fund, Absa Balanced Fund and Absa Equity Fund.
Speaking following the approval, AAML Head Elizabeth Irungu said the milestone reflects the company's commitment to expand investment options for Kenyan investors seeking exposure to global markets.
"This approval is a strong endorsement of our commitment to developing investment solutions that respond to the changing needs of our clients. As investors increasingly seek diversified opportunities that can help them achieve their financial goals, the introduction of these Global Multi-Asset Special Funds provides them with additional avenues to grow and preserve wealth while benefiting from professional fund management,” Irungu said.
The new Global Multi-Asset Special Funds are expected to offer investors access to diversified investment opportunities across multiple asset classes, enabling them to benefit from broader market exposure and professionally managed investment strategies, according to the institution.
The approval comes amid growing demand for specialised investment products in Kenya. According to the Capital Markets Authority, Special Funds accounted for a record 23.9 per cent share of the Collective Investment Schemes (CIS) market, with assets under management rising to KSh203.5 billion as of March 2026.
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