SIB FAQs
Frequently Asked Questions about the Mansa-X Special Fund.
In a globally diversified fund like Mansa-X Special Fund, 3-month reporting periods allow for sufficient time to generate a return for the Fund.
General: Mansa-X Special Fund
1. Why don’t you issue monthly statements instead of quarterly?
2. Would you consider reducing the minimum initial investment and top up amounts to increase financial inclusion?
The minimum initial investment and top-up amounts allow us to access the instruments we invest in in order to earn you above-average returns.
3. Is there a plan to launch a portal or mobile app soon?
We are currently in the advanced stages of developing our mobile & web app, and are planning to roll it out by Q3 of this year
4. What is the rationale behind the 10% performance fee? Is there any room to have this reduced?
The 10% performance fee is charged only on the surplus if the Fund’s performance exceeds the hurdle rate (25% Hurdle Rate for the KES Fund & 15% for the USD Fund). It is an incentive to reward exceptional performance, the proceeds of which you retain 90%.
5. Are there any broker or trading fees?
Mansa-X Special Fund only charges a 5% annual financial services charge – prorated over 365 days; and a performance fee of 10%, only on the surplus and only if the hurdle rate is exceeded. There are no additional costs besides the two listed above
Strategy, Performance & Outlook: Mansa-X Special Fund
1. What is the company’s growth or expansion plan?
Our 20-year strategic plan focuses on innovation, sustainability, and growth, aiming to strengthen stakeholder value, expand market presence, and ensure long-term organizational resilience.
2. How is foreign-exchange, commodity price or interest-rate risk being managed?
Mansa-X Special Fund mitigates risk by:
- investing in a globally diversified portfolio
- obtaining exposure to a variety of asset classes including fixed income securities (e.g. bonds), equity securities (e.g. shares), currencies, commodities, and may hold permitted money market instruments, permitted deposits and cash
- establishing long positions in financial instruments it believes will appreciate in value, while simultaneously establishing short positions in assets it believes will depreciate in value with the aim of achieving a balanced portfolio that enables the funds to generate value for clients regardless of direction of market movement
- seeking to stay within the stated risk profile by varying its asset allocations in different market conditions
- only leveraging the Fund portfolio to a maximum of ten times
Kindly refer to the Key Investor Information Document (link) for more information
3. What are the key risks on the horizon?
Mansa-X Special Fund is rated two out of five on the risk indicator due to the nature of its investments and features the risks listed alongside. Kindly refer to the Key Investor Information Document (link) for a detailed breakdown of all the risks associated with the Fund and how they are managed.
4. How is SIB & Mansa-X positioning itself relative to peers/competitors?
We welcome competition in our industry because it fosters growth, and financial inclusion. Our top priority remains optimizing risk management across diverse assets and ensuring fee structures remain investor-aligned while navigating market volatility effectively for sustained growth.
Tax, Legal & Regulatory
1. How does the company ensure compliance with CMA requirements?
Standard Investment Bank undergoes periodic audits both internally and by the regulator (Capital Markets Authority, Kenya) to ensure compliance.
2. Have there been any recent regulatory changes affecting the Fund?
Recently, the CMA approved our Special Fund license, shifting from our previously held Money Manager license, a move which was necessitated by the size and nature of Mansa-X Special Fund
3. What is the tax treatment of gains from Mansa-X?
Returns from Mansa-X Special Funds (KES & USD) as well as Mansa-X Shariah Special Funds (KES & USD) were declared tax-exempt by the Kenya Revenue Authority (KRA)
4. Are there any cross-border tax implications for non-resident shareholders?
Returns from Mansa-X Special Fund are subject to the applicable tax regulations in the investor’s country. In Kenya, Mansa-X Special Fund returns are tax-exempt
5. When will dividends be declared and paid?
Mansa-X Special Fund does not distribute dividends. If you are specifically seeking dividend income, we recommend exploring opportunities in the equities market, where select stocks offer regular dividend payouts.
Board & governance
1. Who sits on the board and how are directors elected?
Standard Investment Bank is a privately owned limited liability company. Board members and directors are appointed at the discretion of SIB’s shareholders.
Miscellaneous
1. How can I transfer or sell my shares?
Kindly email clientservices@sib.co.ke, call 0777 333 000/020 2277000 to issue your instructions or use the self service portal.
AGM format & logistics
1. When will you hold a hybrid (in-person + virtual) AGM
We will communicate in advance the format for the next AGM to be held in 2026
3. Where will the AGM be held and what time does it start?
The AGM was held virtually. You can access a recording of the Mansa-X Special Fund AGM here.
2. Can I attend the AGM remotely?/How do I join the online meeting?
Yes you can, via the link provided to your official email address and/or phone number
4. How do I appoint a proxy or submit my voting instructions?
Proxies can be appointed by filling the proxy form provided on https://sib.co.ke/agm/
Reports & communications
1. When will the annual report and financial statements be shared?/How do I get a copy of the audited accounts or management discussion?
The financial statements for the year ended 31 Dec 2024 are available on https://sib.co.ke/financials
2. Will slide decks or presentations be made available before or after the meeting?
The presentations made during the AGM are available for your perusal here.
3. How can I sign up to receive company news and updates?
Kindly email clientservices@sib.co.ke to be included in our market updates mailing list.
4. Who do I contact if I haven’t received notifications?
Kindly contact your Financial Advisor or our Client Services team through clientservices@sib.co,ke or 0777 333 000 for any missed communications.
5. What are your office hours and main contact numbers?
We are open Monday to Friday, 8:30 am to 5:30 pm, except on public holidays. You are welcome to visit us on the 16th Floor of JKUAT Towers, Kenyatta Ave (Nairobi) or 1st Floor of Nyali Centre, Links Rd (Mombasa) at your convenience. You can also call 0777 333 000 or 020 2277 000
Get In Touch
16th Floor, JKUAT Building, Kenyatta Avenue – Nairobi.
1st Floor, Nyali Centre, Off Links Road – Mombasa.
P.O. Box 13714 – 00800, Nairobi, Kenya
Email: invest@sib.co.ke
Mobile: +254(0) 777 333 000
Telephone: +254(0) 20 2277 000
WhatsApp: +254(0) 779 777 000