Investment Regulations & Policies

Investment Regulations & Policies

ItemCategories of AssetsMaximum percentage of aggregate market value of total assets of scheme or
pooled fund
1Cash and Demand Deposits in institutions licensed under the
Banking Act of the Republic of Kenya.
5%
2Fixed Deposits. Time Deposits and Certificate of Deposits in institutions licensed under the Banking Act of the Republic of Kenya.30%
3Listed Corporate Bonds, Mortgage Bonds and Fixed Income Instruments; loan stocks approved by the Capital Markets
Authority; collective investment schemes incorporated in Kenya and approved by the Capital Markets Authority reflecting this category; and global depository receipts.
20%
4Commercial Paper. Nonlisted bonds and other debt instruments issued by private companies provided that the bond or the instrument has been given investment-grade rating by a credit rating agency registered by the Capital Markets Authority, and collective investment schemes incorporated in Kenya and
approved by the Capital Markets Authority reflecting this category.
10%
5East African Community Government Securities and infrastructure bonds issued by public institutions and collective investment schemes incorporated in East African Community
(EAC) and approved by an EAC Capital Markets regulator reflecting this category.
90% , or 100%in the case of scheme
receiving statutory contributions
6Preference shares and ordinary shares of companies listed in a securities
exchange in the East African Community and collective investment schemes
incorporated in Kenya and approved by the Capital Markets Authority reflecting
this category; Exchange Traded Funds: and global depositary receipts.
70%
7Unlisted shares and equity instruments of companies incorporated in Kenya and
collective investment schemes incorporated in Kenya and approved by the Capital Markets Authority reflecting this category.
5%
8Offshore investments in bank deposits government securities, listed equities
and rated Corporate Bonds and offshore collective investment schemes
reflecting these assets.
15%
9Immovable property in Kenya.30%
10Guaranteed Funds.100%
11All exchange traded derivatives contracts approved by the Capital Markets Authority.5%
12All listed Real Estate Investment Trusts incorporated in Kenya and approved by
the Capital Markets Authority.
30%
13Private Equity & Venture Capital.10%
14Any other assets.10%
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