Britam Asset Managers announced the launch of two new special funds – the Britam Enhanced Global Equities Special Fund and the Britam Multi Asset Special Fund – after approval by the Capital Markets Authority in August.
The funds aim to give Kenyan investors exposure to global equities and a broader mix of asset classes, targeting long-term returns through diversified portfolios.
The collective investment scheme industry in Kenya has grown, with assets under management reaching KSh948.7 billion in June, a 59.1 per cent rise from a year earlier, according to the CMA.
The global equities fund will invest in international companies across technology, artificial intelligence, healthcare, energy and the digital economy, while the multi-asset fund will blend local and overseas equities, fixed-income securities and commodities.
“Every day, Africans participate in the global economy as consumers, businesses and users of technology created around the world,” said Britam Group Managing Director and CEO Tom Gitogo. He added that Africans should also have the chance to invest in the companies driving that economy.
Britam Asset Managers, which oversees more than KSh300 billion in assets, ranks among Kenya’s largest asset managers and held over KSh55 billion in fixed-income assets as of July.
CEO Barack Obatsa said the new products are intended to broaden investment choices as investors’ needs evolve, noting that the offering extends from local investments to global markets and asset classes.
The launch reflects rising demand for diversification as local markets face currency fluctuations, interest-rate changes and limited sector concentration, though investors will also be exposed to global market volatility, exchange-rate movements and international economic shifts.
