Research

Top 10 Fixed Income Funds in Kenya – Weekly Performance Update (January 24, 2025)

The Kenyan Fixed Income Fund market experienced minor adjustments in rankings this week, with Gulfcap Fixed Income Fund reclaiming the top spot while Etica Fixed Income Fund dropped to second place.

Key Market Observations:

📌 Gulfcap Fixed Income Fund moved up to 1st place, surpassing Etica Fixed Income Fund, which now ranks 2nd.
📌 Kuza Fixed Income Fund maintained 3rd place, showing a slight yield increase from 14.57% to 15.05%.
📌 Nabo Africa Fixed Income Fund dropped from 7th to 9th position, with its effective annual rate (EAR) declining from 13.48% to 13.11%.
📌 Britam 12 Months Fixed Income Fund moved up to 8th place, overtaking Nabo Africa Fixed Income Fund.

Key Takeaways for Investors:

Stable Returns: Despite minor ranking shifts, yields remain consistent, making fixed income funds a reliable option for conservative investors.
Shifting Market Trends: The yield fluctuations reflect changing investor preferences and fund performance.
Investment Strategy: Investors should review fund yields, underlying assets, and management strategies before making investment decisions.


Latest Fixed Income Fund Performance (January 24, 2025)

#Fixed Income FundEffective Annual Rate (EAR)
1Gulfcap Fixed Income Fund15.55%
2Etica Fixed Income Fund15.24%
3Kuza Fixed Income Fund15.05%
4Madison Fixed Income Fund13.83%
5Zimele Fixed Income Fund13.79%
6Britam Bond Plus Fund13.70%
7Co-op Bond Fund13.44%
8Britam 12 Months Fixed Income Fund13.28%
9Nabo Africa Fixed Income Fund13.11%
10Britam 6 Months Fixed Income Fund13.09%

Why Invest in Fixed Income Funds?

✔️ Lower Risk: More stable compared to equity investments.
✔️ Predictable Returns: Consistent yields make them suitable for long-term investors.
✔️ Diversification: Can be a valuable addition to an investment portfolio.

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