Top 10 Money Market Funds in Kenya – Weekly Performance Update (January 17, 2025)

📊 How Did Money Market Funds Perform This Week?

Kenya’s Money Market Funds (MMFs) continue to be a preferred low-risk investment, offering stable returns. This week’s update, based on Business Daily’s latest publication, highlights key shifts in rankings, new entrants, and fund performance.

🔍 Key Highlights & Changes This Week

✅ New Entrants:

• 🚀 Absa Shilling Money Market Fund makes its debut at 9th place with a 14.3% effective annual rate (EAR).
• 🚀 Madison Money Market Fund enters the rankings at 10th place, offering a 14.0% EAR.

❌ Funds That Dropped Out:

• Orient Kasha Money Market Fund (previously 9th at 14.2%) has been replaced.
• Dry Associates Money Market Fund (previously 10th at 13.7%) exits the top 10.

📈 Ranking Shifts:

• Gulfcap Money Market Fund climbed to 2nd place, surpassing Lofty-Corban, which dropped to 3rd with a slight rate decrease.
• Arvocap Money Market Fund experienced a minor drop from 15.1% to 15.0%, moving down to 8th place.

🏆 Consistent Performers:

• Cytonn Money Market Fund retains its top position with an unchanged 16.6% return.
• Ndovu, Kuza, and Mali MMFs maintain stable positions without significant yield changes.

📌 Full Performance Table

💡 Investment Takeaway

• Money Market Funds remain a reliable investment for both individuals and businesses.
• This week’s ranking changes show the dynamic nature of fund performance.
• Consider fund history, liquidity terms, and investment duration when making decisions.

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📌 Source: Business Daily