Search results
Results from the WOW.Com Content Network
Key Benefits. Liquidity: The client is able to withdraw their funds at short notice with no penalty fees. Flexibility: The client is able to switch or transfer funds to another fund that he/she may have with CICAM. Security: The fund invests in government paper and liquid instruments.
The CIC Money Market is a low-risk fund that invest in a diversified portfolio of short-term interest-earning instruments. The principal investments are Call and Fixed deposits with financial institutions regulated by the Central Bank of Kenya, Treasury bills, Government securities, and credit rated or publicly approved Commercial papers with a ...
CIC MONEY MARKET FUND. Fact Sheet - December 2023. Key Features Fund Performace. Fund Objective. Capital preservation whilst getting inflation protection. High degree of capital stability with limited risk. A short-term parking bay for surplus 37% funds particularly in times of market volatility. (Annualised) (Annualised) (Annualised)
CIC MONEY MARKET FUND. Fact Sheet - June 2023. Key Features. Fund Objective. Capital preservation whilst getting inflation protection. High degree of capital stability with limited risk. A short-term parking bay for surplus 37% funds particularly in times of market volatility. Key Benefits.
Key Features. Market Commentary. GDP: Kenya’s economy grew by 5.2% in Q2’22, a softer growth from 10% in Q2’21. Agriculture, the country’s mainstay economic activity, contracted by 2.1%, encumbered by uneven rainfall and high fertilizer costs. High inflation eroded consumer’s purchasing power hence reduced demand for goods and services.
What is CIC Money Market Fund? The CIC Money Market fund is a low risk fund which invests in diversified near cash holdings, high quality interest bearing investments and fixed deposits in the Kenyan market.
1. CIC Money Market Fund. The CIC Money Market Fund is one of the most popular MMFs in Kenya, known for its competitive returns and strong management. CIC Asset Management, a subsidiary of CIC Group, manages the fund.
Competitive returns with the CIC Money Market Fund in Kenya, investing in diversified high-quality money markets and fixed-income instruments.
The CIC money market fund is a low-risk fund that invests in diversified near cash. The fund invests in high-quality interest-bearing investments such as fixed cash deposits. Who Should Invest In the CIC Money Market Fund. The fund is suitable for investors seeking such opportunities as:
To invest, Cytonn money market fund offers a web platform, USSD code, or the Cytonn App. You can withdraw money to your M-Pesa or a bank account. The Cytonn Money Market Fund is known for its impressive yield, among the highest in the Kenyan market.