CMA approves new investment funds to widen options for Kenyan investors
By Mustafa Juma, May 26, 2026The Capital Markets Authority (CMA) has approved the registration of several new collective investment schemes, including unit trusts, special funds, and an alternative investment fund, in a move aimed at expanding investment opportunities for Kenyan investors.
The approvals, announced on Tuesday, May 26, 2026, are expected to increase the range of regulated savings and investment products available in the market, catering to both retail and institutional investors with varying risk appetites.
According to the Authority, the new approvals are part of ongoing efforts to deepen Kenya’s capital markets, encourage financial innovation, and improve access to investment services.
The newly approved products range from conservative money market investments to actively managed multi-asset and alternative investment strategies.
“The Capital Markets Authority (CMA) has approved the registration of several Collective Investment Schemes, comprising new unit trust schemes, special funds and an alternative investment fund. The approvals will broaden the range of regulated savings and investment options available to Kenyan investors, from conservative money market products to actively managed multi-asset strategies and alternative investment vehicles,” CMA stated in a press statement shared via social media.
“This is in line with the Authority’s ongoing efforts to deepen Kenya’s capital markets, enhance innovation, and expand access to investment services across diverse investor segments.”
Capital A expands multi-asset offerings
Among the approved products are the Capital A Multi Asset Strategy Special Fund (KES) and the Capital A Multi Asset Strategy Special Fund (USD).
Capital A Investment Bank has been authorised to introduce the two new sub-funds under the existing Capital A Unit Trust umbrella.
The funds are expected to pursue actively managed, event-driven multi-asset investment strategies targeting investors seeking diversified exposure across different asset classes.
“Among the schemes approved is the Capital A Multi Asset Strategy Special Fund (KES) and the Capital A Multi Asset Strategy Special Fund (USD). Capital A Investment Bank Limited has been authorised to register as two new sub-funds under the existing Capital A Unit Trust. The funds will pursue an actively managed, event-driven multi-asset strategy and target investors seeking diversified exposure across asset classes,” the statement reads in part.
New alternative investment fund approved
The CMA also approved Faida Investment Bank to register the KETSA Alternative Investment Fund under the Capital Markets (Alternative Investment Funds) Regulations, 2023.
The fund will invest in private debt, equities, money market instruments, fixed income securities and other approved asset classes, with a focus on supporting liquidity and investment opportunities within the SACCO sector.
“The Authority has also approved Faida Investment Bank Limited to register the KETSA Alternative Investment Fund. Established as a trust in accordance with the Capital Markets (Alternative Investment Funds) Regulations, 2023. The Fund will invest in private debt, equities, money market instruments, fixed income securities and other approved asset classes, with a focus on intermediating institutional capital into prudently structured liquidity and investment opportunities within the SACCO ecosystem,” CMA stated.
EDC and Pergamon launch umbrella schemes
Further broadening the unit trust market, the Authority approved EDC Asset Management to register the EDC Kenya Unit Trust Funds umbrella scheme.
The scheme will comprise five sub-funds:
- EDC Kenya Money Market Fund
- EDC Kenya Fixed Income Fund
- EDC Kenya Dollar Income Fund
- EDC Kenya Balanced Fund
- EDC Kenya Equity Fund
The products are designed to offer different risk-return profiles ranging from capital preservation to long-term growth.
At the same time, Pergamon Investment Bank received approval to register the Pergamon Unit Trust Scheme consisting of six sub-funds, including money market, equity, balanced and diversified income funds.
Meridian and Nabo receive approvals
The Authority further approved Meridian Asset Management to launch the Meridian Kenya Shilling Total Return Special Fund under its new umbrella scheme.
The fund aims to maximise returns while preserving capital through a combination of income generation and capital appreciation strategies.
In addition, Nabo Capital received approval to convert the Nabo Africa Balanced Fund (USD) into a special fund to be known as the Nabo Ubuntu Special Fund.
The renamed fund will focus on long-term capital appreciation through dynamic allocation across equities, fixed income, commodities, derivatives, currencies and other asset classes.
The CMA urged investors to carefully review investment schemes before committing funds and advised the public to deal only with licensed and approved capital markets intermediaries.
Market intermediaries
This comes months after the CMA approved several firms to operate as market intermediaries.
According to a statement on Wednesday, February 11, 2026, the move aims to deepen Kenya’s capital markets, encourage innovation, and broaden access to investment services.
Among the approved firms is Rock Advisors Limited, which has upgraded from an investment advisory licence to an Investment Bank licence. Rock Advisors will now offer market research, advisory services, wealth management, and proprietary trading.