Absa Global Multi-Asset Fund secures CMA approval to expand global investing options for Kenyans
Absa Asset Management Limited (AAML) has secured regulatory approval from the Capital Market Authority (CMA) to launch two new global multi asset investment funds, expanding the range of investment products available to Kenyan investors seeking international market exposure.
The approval allows AAML, the asset management subsidiary of Absa Bank Kenya PLC, to register the Absa Global Multi-Asset Special Fund (USD) and the Absa Global Multi-Asset Special Fund (KES) under the existing Absa Unit Trust Schemes and are expected to launch in the coming weeks, subject to ongoing regulatory compliance.
According to the CMA, the application met the qualifications of the Capital Markets (Collective Investment Schemes) Regulations, 2023, paving the way for the funds to be added as sub-funds under the Absa Unit Trust Scheme.
The new products are designed to provide investors with access to diversified global investment opportunities across multiple asset classes through professionally managed portfolios. They join Absa’s existing investment lineup, which includes the Absa Shilling Money Market Fund, Absa Dollar Money Market Fund, Absa Fixed Income Fund, Absa Balanced Fund and Absa Equity Fund.
AAML Head Elizabeth Irungu said the approval highlights the firm’s strategy of expanding investment options to meet changing customer needs as more investors look beyond traditional local investments.
She noted that while the new funds will offer exposure to international markets, domestic investments remain competitive. According to Irungu, the Absa Equity Fund recorded a 15% return during the first half of 2026, while locally focused investment products continue to attract investors with minimum entry amounts of KSh1,000 and USD100.
“The approval of these funds broadens the investment choices available to our clients and strengthens our commitment to helping them build wealth through professionally managed investment solutions,” she said.
The approval comes as Kenya’s collective investment schemes industry continues to record strong growth. Capital Markets Authority data shows that Special Funds accounted for a record 23.9% share of the sector, with assets under management reaching KSh203.5 billion as of March 2026, highlighting growing demand for specialized investment products.
However, Absa said the two Global Multi-Asset Special Funds will allow investors to diversify their portfolios across different markets and asset classes while benefiting from professional fund management tailored to different investment objectives and risk profiles.
The bank also added that assets managed by AAML have grown by 28% since inception, reflecting increasing investor confidence and rising demand for diversified wealth creation solutions in Kenya.
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