Mansa-X Special Funds have emerged as the largest Collective Investment Scheme (CIS) in Kenya, commanding a 20 per cent market share after their assets under management (AUM) rose to Ksh188 billion by the end of June 2026.
The latest Collective Investment Schemes Quarterly Report by the Capital Markets Authority (CMA) shows that the funds, managed under Standard Investments Trust Funds (SITF) and powered by Standard Investment Bank (SIB), recorded a 23 per cent growth in AUM during the three months to June.
In a press release on Monday by SIB, the growth pushed Mansa-X to the top of Kenya’s CIS market, whose total assets under management stood at Sh948.7 billion at the end of the second quarter, up 11 per cent from Sh851.7 billion recorded in the first quarter.
Mansa-X Special Fund-KES accounted for the largest share of the growth, closing the quarter with assets of Sh163.8 billion and commanding 64.8 per cent of the Special CIS category.
Its dollar-denominated counterpart, Mansa-X Special Fund-USD, ranked second in the category with AUM of Sh20.6 billion, representing an 8.1 per cent market share.
Nahashon Mungai, SIB Executive Director for Global Markets and Portfolio Manager of the Mansa-X Special Funds, attributed the growth to rising investor demand for diversified investment products capable of cushioning portfolios against market volatility.
“Mansa-X provides investors with a highly diversified investment solution, providing exposure to more than 200 assets across global markets,” said Mungai.
He said the broad diversification and global market exposure were increasingly important to investors navigating an unpredictable market environment.
Meanwhile, the Mansa-X Shariah Special Fund-KES grew by 20 per cent, from Sh3 billion to Sh3.6 billion during the quarter, while the Mansa-X Shariah Special Fund-USD increased by 13.4 per cent from Sh528 million to Sh599 million.
The growth has strengthened Mansa-X’s position as Kenya’s largest Shariah-compliant investment fund.
SIB Executive Director for Islamic Investment Banking, Abdullahi Adan, said the growing uptake of Shariah-compliant products reflected increasing demand for ethical investment options in the Kenyan market.
He said the funds were providing individuals and institutions with investment opportunities that align with their values while also meeting their financial objectives.
The CMA report indicates that Kenya’s CIS sector continued to expand during the quarter, with total assets under management increasing by Sh97 billion between March and June 2026.
The growth comes amid increased interest in professionally managed investment products as investors seek to diversify their portfolios and access opportunities beyond traditional asset classes.
By Wangari Ndirangu
