Nairobi, June 13 -- Special funds, a sub-category of unit trusts, captured a record 23.9 percent market share in March 2026 as investors flocked to the investment vehicles in search of relatively higher returns.

Money market funds (MMFs), which invest primarily in Treasury bills and commercial bank fixed deposits, lost ground over the same period, with their market share falling to 51.9 percent from 64.4 percent a year earlier.

Both categories nevertheless recorded growth as total assets under management (AUM) rose to Sh851.7 billion in the quarter ended March 2026 from Sh756.3 billion in December 2025, according to data from the Capital Markets Authority (CMA).

A special fund is a type of collective investment scheme (CIS) or unit tru...