Stanbic Bank Kenya has launched the Stanbic Money Market Fund (KES) and the Stanbic Fixed Income Fund (USD) following approval by the Capital Markets Authority earlier this year. The funds will be managed by SBG Securities Limited, a subsidiary of Stanbic Holdings Plc.
This launch marks Stanbic Bank’s official entry into asset management through its newly established Insurance and Asset Management Unit, with plans to introduce more investment products in the future.
The bank said the initiative aligns with Stanbic Bank’s strategy to offer comprehensive solutions, creating a seamless, one-stop financial services hub.
With minimum investments of Ksh1,000 and USD100, the funds are designed for investors seeking to diversify their portfolios and achieve long-term growth with minimal risk and high liquidity.
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Dr Joshua Oigara, Stanbic Bank Chief Executive Kenya and South Sudan said to drive growth, banks must mobilise domestic savings and investments by strengthening capital markets and developing investment products that cater to people’s needs. “We need to create accessible entry points for investors, offering affordable and user-friendly solutions that lower barriers to investment,” Dr Oigara said. “Our Asset Management unit is strategically positioned to deliver investment solutions that drive growth for both retail and institutional investors.”
Clients’ investments will be managed by a team of seasoned investment professionals, he said. “We strategically set up a fourth business unit called Insurance and Asset Management to ensure that we were offering a holistic suite of banking and non-banking solutions to clients,” he added.
Investing in Stanbic’s Unit Trusts offers vast advantages, including expert management and diversification across various asset classes, according to Ms Anjali Harkoo, Head Insurance and Asset Management, Stanbic Bank Kenya.
Licensed and regulated by the Capital Markets Authority, Anjali said, these funds adhere to stringent investment guidelines , ensuring stability and security for investors. “Leveraging our extensive asset management experience across our group network, we will implement best investment practices and utilise our robust internal capabilities to deliver value to our clients,” she said.
The funds currently provide investors with an annualised yield of 15.12% for the Money Market Fund (KES) and 5.56% for the Fixed Income Fund (USD). The Money Market Fund charges up to 2% in management fees, while the Fixed Income Fund charges up to 1%.
The funds will be available to both existing and new Stanbic Bank clients, catering to both individual and institutional investors.
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