Top 10 Performing Money Market Funds – 18th April 2025

Below are the top 10 MMFs ranked by their Effective Annual Rate (EAR) performance during the week ending 18th April 2025:

🧮 Average EAR (Top 10 Funds): 13.4%

Key Insights

• Cytonn MMF reclaimed the top spot this week with an EAR of 14.89%, overtaking Gulfcap which led the previous week.
• Gulfcap MMF, which held the highest yield for weeks, saw a sharp decline from 16.30% to 13.87%—a notable 2.4% drop.
• Etica MMF also experienced a significant dip from 13.90% to 13.16%.
• GenAfrica and Nabo Africa MMFs entered the top 10, replacing Britam and Arvocap, signaling some week-on-week volatility.
• Overall, the average EAR for the top 10 MMFs dropped from 13.7% to 13.4%, highlighting a slight cooling in market-wide returns.

Performance Trend vs Previous Week

In comparison to the week ending 11th April, the latest rankings indicate:

• A general downward trend in returns among most funds.
• Shifting positions in the leaderboard, with Cytonn now leading and new entrants shaking up the lower half of the top 10.
• This volatility could be driven by shifts in portfolio allocation, redemptions, or macroeconomic factors.

#MoneyMarketFunds #KenyaInvestments #MMFWeeklyUpdate #FixedIncome #NuPathAdvisory