[Nairobi, Kenya, November 14, 2024]
Standard Investment Bank’s (SIB) Mansa-X Special Fund (KES) has made a significant impact in Kenya’s investment landscape by debuting at position 3 in the Capital Markets Authority (CMA) licensed funds report. The fund reported assets under management valued at over KES. 34.2bn, highlighting SIB’s innovative approach to high-performing collective investment schemes (CIS).
This achievement represents a significant milestone for Mansa-X, transitioning from a proprietary trading fund to a licensed Collective Investment Scheme (CIS) celebrated for its unique investment strategies and wide market appeal. The Mansa-X Special Fund USD, which provides investors with dollar-denominated access to international markets and offshore investments, also ranked third among comparable USD funds with an AUM of KES. 5.8bn, highlighting its strong asset growth trajectory.
“Our debut as the third-largest licensed fund underscores Standard Investment Bank’s commitment to delivering diverse and innovative investment products,” said Nahashon Mungai, Executive Director at SIB. “Mansa-X’s rapid ascent reflects our dedication to meeting investor needs in both conventional and Shariah-compliant sectors while pushing the boundaries of asset management in Kenya.”
The CMA report, which analysed collective investment schemes as of Q3 2024, cites that Mansa-X’s impressive offshore investment portfolio, totalling KES 19.5 billion, contributed significantly to the rise of dollar-denominated funds. As one of the few funds in Kenya providing direct exposure to global assets, Mansa-X remains committed to diversifying opportunities for investors across all risk profiles.
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For more information, please contact:
Victor O. Ooko
Manager, Marketing and Communications
Mobile: +254 711774272
E-Mail: communications@sib.co.ke
NOTES TO THE EDITOR
ABOUT STANDARD INVESTMENT BANK (SIB)
Standard Investment Bank (SIB) is a leading financial services firm in Kenya founded in the year 1995 with assets under management worth over KES 60bn. The firm offers the market a single point of entry for Asset Management, Securities Trading, Market Research, Investment Management and Corporate Finance.
SIB is a member of the Nairobi Securities Exchange (NSE), the Central Depository and Settlement Corporation (CDSC), and the Kenya Association of Stockbrokers & Investment Banks (KASIB).
SIB is licensed and regulated as an investment bank and a Special Collective Investment Scheme (CIS) by the Capital Markets Authority (CMA), Kenya. The Firm is also licensed by the Retirement Benefits Authority (RBA) to manage benefits schemes under the Retirement Benefits Act (1997). SIB’s Global Markets division offers exposure to global financial instruments through Mansa-X Special Fund (KES & USD), as well as Mansa-X Special Shariah Fund (KES & USD), which is offered through its Islamic investment banking window, SIB Najah.
SIB’s Corporate Finance division works with Kenya’s largest public and private institutions to inform their strategic growth, structure their balance sheets, raise capital and restructure their enterprises. To date, the firm has successfully closed over 70 project transactions worth KES 300 Billion.
