(NAIROBI, KENYA) – Mansa-X Special Funds have become the largest Collective Investment Scheme in Kenya after their assets under management rose to KES 188 billion ($1.46 billion / £1.14 billion) by the end of June 2026. The funds now command a 20% market share of the country’s CIS sector.
The latest Collective Investment Schemes Quarterly Report by the Capital Markets Authority shows that the funds, managed under Standard Investments Trust Funds and powered by Standard Investment Bank, recorded a 23% growth in assets under management during the three months to June. The growth pushed Mansa-X to the top of Kenya’s CIS market, whose total assets under management stood at KES 948.7 billion ($7.38 billion / £5.76 billion) at the end of the second quarter, up 11% from KES 851.7 billion ($6.63 billion / £5.17 billion) in the first quarter.
Mansa-X Special Fund KES accounted for the largest share of the growth, closing the quarter with assets of KES 163.8 billion ($1.27 billion / £0.99 billion) and commanding 64.8% of the Special CIS category. Its dollar denominated counterpart, Mansa-X Special Fund USD, ranked second in the category with assets under management of KES 20.6 billion ($160 million / £125 million), representing an 8.1% market share.
Nahashon Mungai, Standard Investment Bank Executive Director for Global Markets and Portfolio Manager of the Mansa-X Special Funds, said the growth was driven by rising investor demand for diversified investment products that can cushion portfolios against market volatility. Mungai said Mansa-X provides investors with a highly diversified investment solution with exposure to more than 200 assets across global markets. He said broad diversification and global market exposure are increasingly important to investors navigating an unpredictable market environment.
The Mansa-X Shariah Special Fund KES grew by 20%, from KES 3 billion ($23.3 million / £18.2 million) to KES 3.6 billion ($28 million / £21.9 million) during the quarter. The Mansa-X Shariah Special Fund USD increased by 13.4% from KES 528 million ($4.1 million / £3.2 million) to KES 599 million ($4.7 million / £3.6 million). The growth has strengthened Mansa-X’s position as Kenya’s largest Shariah compliant investment fund.
Abdullahi Adan, Standard Investment Bank Executive Director for Islamic Investment Banking, said the growing uptake of Shariah compliant products reflected increasing demand for ethical investment options in the Kenyan market. He said the funds provide individuals and institutions with investment opportunities that align with their values while also meeting financial objectives.
The CMA report shows that Kenya’s CIS sector continued to expand during the quarter, with total assets under management increasing by KES 97 billion ($755 million / £589 million) between March and June 2026. The growth comes amid increased interest in professionally managed investment products as investors seek to diversify portfolios and access opportunities beyond traditional asset classes.