Britam Asset Managers has introduced two new special funds, the Britam Enhanced Global Equities Special Fund and the Britam Multi Asset Special Fund. These funds, approved by the Capital Markets Authority in August, aim to provide local investors with access to global equities and a broader range of local and international assets. The funds are designed for investors seeking long-term growth and greater diversification. This expansion of Britam's investment offerings reflects the growth of Kenya's fund industry.
The Kenyan fund industry has experienced significant growth, with collective investment scheme assets reaching Sh948.7 billion in June. This represents a 59.1 per cent increase from the previous year. Britam Asset Managers is one of Kenya's five largest asset managers, with over Sh300 billion in assets under management. The company leads the Fixed Income category, managing over Sh55 billion in assets as of July. This strong market presence positions Britam to offer a wider range of investment options.
The Britam Enhanced Global Equities Special Fund allows investors to access global companies and industries driving the next phase of global economic growth. The fund focuses on areas such as technology and artificial intelligence, healthcare and life sciences, energy, and the digital economy. This provides investors with opportunities to invest in businesses at the forefront of major changes in the global economy. The fund offers a way for investors to own a stake in the growth of these companies.
The Britam Multi Asset Special Fund invests across various local and global asset classes, including equities, fixed income, and commodities, all within one portfolio. This diversified approach allows investors to spread their investments across different asset classes, potentially reducing risk. The fund offers a single investment solution for investors seeking exposure to a broad range of assets. By investing in multiple asset classes, investors can achieve a more balanced portfolio.
According to Tom Gitogo, Group Managing Director and CEO of Britam, Africans participate in the global economy as consumers, businesses, and users of technology. He believes they should also have the opportunity to become investors in the companies driving that economy. The new funds aim to provide this opportunity, allowing Africans to own a stake in the growth of global companies. This approach reflects Britam's commitment to expanding investment opportunities for local investors.
Barack Obatsa, CEO of Britam Asset Managers, notes that the new funds are the next step in widening the choices available to investors. The funds extend Britam's offering across global markets and asset classes, backed by professional research, expertise, and risk management. This expansion reflects the evolving needs and ambitions of investors. By offering a broader range of investment options, Britam aims to support investors in achieving their long-term goals.
The launch of these funds demonstrates Britam's commitment to innovation and customer needs. The company continues to play a significant role in Kenya's asset management industry. The new funds are expected to attract investors seeking long-term growth and diversification. Britam's strong market presence and expertise position it to support investors in navigating the complexities of global markets.
Key points
- Britam Asset Managers has launched two special funds, the Britam Enhanced Global Equities Special Fund and the Britam Multi Asset Special Fund.
- The funds aim to provide local investors with access to global equities and a broader range of local and international assets.
- The Kenyan fund industry has experienced significant growth, with collective investment scheme assets reaching Sh948.7 billion in June.
