Kuza Asset Management has hit the KSh 1 billion threshold in assets under management, the fund manager said in a statement
The fund manager attributes the growth, by 70% in just seven months, to its private wealth offering and unit trusts.It had KShs. 600mn in assets under management in November 2023 when it was officially launched.The fund manager was licensed by the Capital Markets Authority (CMA) in May 2022.“Currently we have 10 products that cater to retail and institutional clients. The performance of these products has largely been positive. We are in the process of introducing an income drawdown fund in the coming months to address the needs of retirees,” said Kuza Asset Management CEO James Mose.
The firm said it maintains a bullish stance on the equities and fixed income markets, and has set its sights on the KSh 2.1 trillion in idle current account deposits held in the banking system,
