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SIB Mansa-X fund assets soars to Sh12 billion
Mansa-X is a Multi-Asset Strategy Fund with a long and short trading model that invests in financial instruments both local and global with the primary objective of realizing capital growth for its investors. The fund achieves this by utilizing complex portfolio allocation techniques while hedging capital exposure. Mansa-X exists in both KES & USD options for both local investors and investors in the diaspora.
By Phyllis MUCHOKI
Standard Investment Bank (SIB) multi-asset strategy fund Mansa-X grew by 87 percent in assets under management to Sh12.4 billion in the year ended December.
It attributed the growth to a double-digit returns which drew more clients – making a run of an impressive growth streaks since its licensing in December 2018 as a Money Manager in Kenya, by the Capital Markets Authority (CMA).
The fund’s assets stood at Sh6.6 billion a year earlier.
The multi-pronged fund has at the same time delivered returns, net of fees and commissions at 15.45 percent for 2022, taking the compounded annual growth rate over the four years to 17.18 percent.
This comes after the firm in November launched a US dollar-denominated version meant at cushioning investors putting in dollars from forex losses resulting from depreciation in the local currency.
The fund invests mainly in the world’s major global stock exchanges such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), Frankfurt Stock Exchange (FRA) and Hong Kong Stock Exchange (HKG). The fund also creates exposure to futures and options for metals, commodities and interest rate products.
With the ability to trade over 200 asset classes, Mansa-X provides more opportunities to squeeze out a return, while protecting investors capital in case of adverse market movements in any of the asset classes.