CMA Statement on Approval of Sanlam Investment as Sub Fund and ALA Capital as Collective Investment
Capital Markets Authority (CMA) Statement On Approval Of Sanlam Investment As Sub Fund And ALA Capital LTD As Collective Investment. VCG Asset Management LTd has also received approval to register three funds.
The Capital Markets Authority has granted approvals to several market players for the establishment of new collective investment schemes and sub-funds, in a move aimed at deepening Kenya's capital markets and enhancing product diversity for investors.
Sanlam Investments East Africa has received approval to establish a new sub-fund under its existing structure, the Sanlam Special GBP Fixed Income Fund. This unit portfolio will be denominated in Great Britain Pounds (GBP), providing investors with exposure to fixed income securities in foreign currency.
In a separate development, ALA Capital Limited has been approved to register the ALA Capital Collective Investment Scheme (ALA CIS), comprising six sub-funds: ALA Balanced Fund, ALA Multi-Asset Special Fund, ALA Equity Fund, ALA Fixed Income (KES) Fund, ALA Money Market Fund (USD), ALA Money Market Fund (KES).
In addition, VCG Asset Management Limited has received approval to register three funds under the VCG Offshore Opportunities Special Funds umbrella. These include: VCG Offshore Money Market Fund (KES), VCG Offshore Money Market Special Fund (USD), VCG Offshore Fixed Income Special Fund (KES).