Absa Bank Kenya‘s Absa Asset Management has received approval from Kenya’s Capital Markets Authority (CMA) to launch two global multi-asset special funds, expanding its investment products as demand for diversified wealth management solutions grows.
CMA regulator approved the Absa Global Multi-Asset Special Fund (USD) and the Absa Global Multi-Asset Special Fund (KES) as additional sub-funds under Absa’s existing Absa Unit Trust Scheme. The two new funds were regulated under the Capital Markets (Collective Investment Schemes) Regulations, 2023.
The funds will provide investors with exposure to global markets through professionally managed portfolios across multiple asset classes. They will complement Absa’s existing range of funds, including the Shilling Money Market Fund, Dollar Money Market Fund, Fixed Income Fund, Balanced Fund and Equity Fund.
“This approval is a strong endorsement of our commitment to developing investment solutions that respond to the changing needs of our clients,” Elizabeth Irungu, Head of Absa Asset Management Ltd., said. She added that while the new funds provide access to international markets, the Absa Equity Fund gained 15% in the first half of 2026, with local investment products remaining accessible from KSh1,000 and $100.
The approval comes as demand for specialised investment products continues to rise. Special Funds accounted for a record 23.9% of Kenya’s Collective Investment Schemes market, with assets under management reaching KSh203.5 billion as of March 2026, according to CMA data.
Absa said assets managed by its asset management business have grown 28% since inception, reflecting rising investor demand for diversified, professionally managed investment solutions.
