Nairobi, July 14 -- Kenya's super-rich are cutting their exposure in the property sector and directing billions into money market funds, treasury bonds and real estate investment trusts (Reits) as they seek high returns and liquid assets.

Knight Frank's latest wealth and investments report shows that the rich with a net worth of at least Sh130 million ($1 million) are not putting cash in residential properties for income and have slowed down on direct investments in office blocks and malls amid a glut.

They are looking at investments generating stable income streams and assets that are easier to exit while preserving wealth for future generations.

The stock market offered investors the highest returns in the first half of the year, ahe...