https://www.businessdail...09094-i1x8k6/index.html
CIC Insurance’s unit trust scheme slightly widened its market share ahead of Britam in the first quarter of the year as industry assets under management went up by 4.5 percent.
Latest Capital Markets Authority (CMA) data on collective investment schemes shows that CIC had Sh22.4 billion in assets under management by the end of March, representing 35.1 percent of the industry total of Sh63.78 billion.
Britam’s unit trust scheme followed with assets of Sh8.67 billion, equivalent to 13.6 percent of the industry total.
By the end of December 2018, CIC and Britam controlled 34.25 percent and 14.23 percent respectively of the assets under management.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle