NAIROBI,Kenya,May 28-The Capital Markets Authority (CMA) has approved the registration of the Pergamon Investment Bank Unit Trust Scheme, expanding the range of regulated investment products available to Kenyan investors as the country pushes to deepen its capital markets.
The newly approved scheme consists of six sub-funds including the Pergamon Money Market Fund (KES), Pergamon Money Market Fund (USD), Pergamon Equity Fund, Pergamon Fixed Income Fund, Pergamon Balanced Fund and the Pergamon Special Diversified Income Fund (KES).
The approval comes amid growing investor interest in collective investment schemes, commonly known as unit trusts, which have gained traction as individuals and institutions seek alternatives to conventional savings products.
Industry data shows that Kenya’s unit trust market has expanded significantly over the last decade, driven by rising financial literacy, lower entry thresholds and increased digital access to investment products.
According to available industry figures, assets under management in the collective investment schemes sector stood at about Sh679.6 billion by September 2025, up from Sh596.3 billion recorded in mid-2025 and significantly higher than the Sh56.6 billion reported in 2018.
The industry currently has more than 55 registered unit trust schemes managing over 230 funds, with money market funds accounting for nearly 60 percent of total assets under management.
Speaking following the approval, Pergamon Investment Bank Chief Executive Officer Wanjiru Gichuru said the registration marks a key milestone for the investment bank.
“Today marks a significant milestone for our investment bank. The registration of our unit trust scheme has taken us one step closer towards realizing our vision of offering innovative regulated investment options to our clients.”
“It also brings us one step closer towards fulfilling our mandate of contributing to the deepening of our country’s capital markets.”
The CMA has in recent years intensified efforts to broaden participation in the capital markets through the expansion of regulated investment products, including unit trusts, exchange traded products and green financing instruments.
The continued growth of unit trusts points to a potential increase in appetite among retail investors for professionally managed portfolios that offer liquidity, diversification and relatively lower investment thresholds.
The growth has also been supported by online onboarding platforms that have made it easier for retail investors to access investment products remotely.
