This archive report was first published on 7 October 2019.
Published on October 7, 2019, Standard Investment Bank (SIB) has introduced a multi-asset strategy fund called 'Mansa X' to cater to regional retail and high net-worth investors.
The fund offers access to a wide range of global investment products, including commodities such as gold, silver, platinum, oil, gas, and coffee, as well as foreign currencies like the US dollar, British pound, Japanese yen, and Australian dollar.
Investors can also invest in global stock indices like the Japanese Nikkei, American S&P 500, FTSE 100, DAX, and CAC 40, as well as individual stocks such as Netflix, Apple, Facebook, Microsoft, and General Electric.
'We have seen a lot of interest from both retail and high net-worth investors,' said Nahashon Mungai, SIB executive director and head of global markets.
The bank has expanded its product range to target investors in Uganda, Tanzania, Rwanda, Burundi, and South Sudan, with minimum investments starting at Ksh10,000 ($100) for small investors and Ksh250,000 ($2,500) for high net-worth investors.
The 'Mansa X' fund is regulated by the Kenya Capital Markets Authority through the Online Forex Trading Regulations (2017) and has generated 22.09% returns over the past nine months.
