Stanbic Bank Kenya has officially launched two new investment products, the Stanbic Money Market Fund (KES) and the Stanbic Fixed Income Fund (USD), following their approval by the Capital Markets Authority earlier this year.

These funds are now accessible to both existing and new customers, offering investment opportunities with minimum contributions of Sh1,000 and USD 100 respectively.

Managed by SBG Securities Limited, a prominent investment bank under the Stanbic Holdings Plc umbrella, the Stanbic Money Market Fund currently offers an annualised yield of 15.12 per cent, while the Fixed Income Fund (USD) provides a 5.56 per cent annualised return.

The introduction of these funds is part of Stanbic Bank’s strategic move to lower investment barriers by requiring only modest initial investments.

Dr Joshua Oigara, Chief Executive of Stanbic Bank Kenya and South Sudan, stated, “To drive growth, we must mobilise domestic savings and investments by strengthening our capital markets and developing investment products that cater to our people’s needs. We need to create accessible entry points for investors, offering affordable and user-friendly solutions that lower barriers to investment. Our Asset Management unit is strategically positioned to deliver investment solutions that drive growth for both retail and institutional investors.”

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The launch marks Stanbic Bank’s entry into asset management through its newly established Insurance and Asset Management Unit.

Anjali Harkoo, Head of Insurance and Asset Management at Stanbic Bank Kenya, elaborated on the strategic vision.

“We strategically set up a fourth business unit called Insurance and Asset Management to ensure that we were offering a holistic suite of Banking and non-Banking solutions to our clients. Investing in Stanbic's Unit Trusts offers vast advantages, including expert management and diversification across various asset classes," Harkoo stated.

 “Licensed and regulated by the Capital Markets Authority, these funds adhere to stringent investment guidelines, ensuring stability and security for investors. Leveraging our extensive asset management experience across our Group network, we will implement best investment practices and utilise our robust internal capabilities to deliver value to our clients.”

Designed for investors seeking to diversify their portfolios with minimal risk and high liquidity, the funds are supported by a team of experienced investment professionals.

The Money Market Fund incurs management fees of up to 2 per cent, whereas the Fixed Income Fund charges up to 1 per cent.

Stanbic Bank Kenya aims to expand its range of investment products in the future, reinforcing its commitment to providing comprehensive financial solutions.

The launch of these funds marks a significant milestone in Stanbic Bank's journey to becoming a comprehensive financial services provider, catering to the evolving needs of its clients.

Available to both existing and new customers, these funds are set to attract a wide range of investors looking to achieve long-term growth through expertly managed investment solutions.

This initiative aligns with the bank’s broader strategy to serve as a one-stop financial services hub, addressing the diverse needs of its clientele and fostering economic growth through meaningful investment options.