30/08/2024
Cytonn Asset Managers Limited, CAML released the unaudited financial statements for its unit trust funds for the half year ended 30th June 2024. According to the announcement, the total assets under management in the Cytonn Unit Trust Scheme stood at KES 1.3 billion in H1’2024, recording a significant 83% year-on-year growth from KES 0.7 billion in H1’2023.
The released unaudited financial statements included the reports of Cytonn Money Market Fund-KES & USD, Cytonn Equity Fund, Cytonn Balanced Fund, Cytonn Africa Financial Services Fund, and the Cytonn High Yield Special Fund.
The Cytonn Money Market Fund-KES assets under management stood at KES 0.8 billion, recording a remarkable 121% year-on-year growth from KES 0.4 billion in H1’2023. The results were driven by prudent investment decisions in a well-diversified portfolio which served to support the fund’s target average returns of up to 17.5% p.a. to its unitholders at the close of the half year ended 30th June 2024. As of August 2024, the fund offers average returns of up to 18.3% p.a.
Through the Cytonn App, Cytonn Money Market Fund-KES Investors have continued to enjoy seamless services through the digitized platform that has granted them real-time flexibility of investing, withdrawing, and paying bills anytime - 24/7 while enjoying a competitive return on their investment.
