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Top 10 Performing Money Market Funds – 28th March 2025
This week’s Money Market Fund (MMF) performance ranking sees Gulfcap MMF maintain its leading position with an impressive 16.3% effective annual return (EAR), followed by Cytonn MMF and Etica MMF at 15.1% and 14.1% respectively.
Here’s a look at the Top 10 Performing MMFs this week:
| # | Money Market Fund | Effective Annual Return |
|---|---|---|
| 1 | Gulfcap Money Market Fund | 16.3% |
| 2 | Cytonn Money Market Fund | 15.1% |
| 3 | Etica Money Market Fund | 14.1% |
| 4 | Kuza Money Market Fund | 14.0% |
| 5 | Arvocap Money Market Fund | 14.0% |
| 6 | Lofty-Corban Money Market Fund | 13.8% |
| 7 | Orient Kasha Money Market Fund | 13.4% |
| 8 | Ndovu Money Market Fund | 13.1% |
| 9 | Enwealth Money Market Fund | 12.7% |
| 10 | Britam Money Market Fund | 12.6% |
📊 Average Yield (Top 10 Funds): 13.9% (Same as previous week)
Key Insights
✅ Top spot unchanged – Gulfcap MMF leads the pack again at 16.3%, showing continued yield stability at the top.
✅ Slight declines – Notable WoW yield drops were observed for Cytonn (-0.5%), Kuza (-0.2%) and Lofty-Corban (-0.2%).
✅ Strong rebound – Orient Kasha MMF showed the biggest gain among the top 10, jumping 0.7% to reclaim 7th position.
MMFs vs Government Securities
Latest T-bill Yields (as of 28th March):
- 91-day: 8.8%
- 182-day: 9.1%
- 364-day: 10.4%
⚖️ All top 10 MMFs offered higher yields than government securities, reinforcing their role as competitive, short-term investment alternatives.
General Market Trend
The overall MMF market recorded a net decline of 1.8% week-on-week, driven largely by:
🔻 Top Decliners:
- Genghis MMF: -0.9%
- Stanbic MMF: -0.7%
- GenAfrica MMF: -0.6%
🔺 Top Gainers:
- Orient Kasha MMF: +0.7%
- Absa MMF: +0.5%
- Nabo MMF: +0.4%
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