Money Market Funds (MMFs) have emerged as a popular investment option in Kenya due to their low-risk nature and the potential for steady returns. One such fund is the Cytonn Money Market Fund (CMMF), managed by Cytonn Asset Managers Limited (CAML), a regulated affiliate of Cytonn Investments Management Plc.
The Cytonn Group has faced legal issues with regard to its subsidiaries - Cytonn High Yield Solutions (CHYS) and Cytonn Real Estate. The two subsidiaries have been placed on liquidation over inability to pay investors although the MMF is managed through a separate, regulated legal entity.
This article offers essential information about CMMF, its features, and how investors can access it.
The Cytonn Money Market Fund is regulated by the Capital Markets Authority (CMA), and aims to provide investors with current income while preserving capital and maintaining liquidity. To achieve this objective, the fund primarily invests in short-term, low-risk debt securities, including treasury bills, fixed deposits, and commercial paper.
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As of January 2025, the Cytonn Money Market Fund delivered an annualized return of 16.6%. The fund's asset allocation at the end of January 2025 was as follows:
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The Cytonn Money Market Fund may appeal to investors who are looking for:
For more information, interested investors can reach Cytonn Asset Managers Limited.
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