Step into World Class Investing

What are the underlying assets?

Mainly global equities with a bias towards technology.

What is the management fee? Is there withholding tax?

Management fee 2.5% p.a. (CMA approved up to 5% max). Performance fee 10% (CMA approved up to 20%) of returns above the S&P 500.

What is the projected return on average, worst-case scenario?

It is impossible to predict market movements with certainty. Global equity markets can experience sharp periods of volatility. During COVID-19, for example, the S&P 500 fell by more than 30% in just 23 trading days, yet it recovered those losses within approximately six months and ultimately finished 2020 up 17.88% in USD.

What is the minimum investment / top-up amount?

USD 2,000 initial · USD 1,000 top-up.

How does the fund compare with investing directly in shares?

Depends on the shares in question. Some shares in any given period can outperform while others underperform. The fund offers diversification through exposure to multiple companies across different jurisdictions.

What is the recommended investment period?

5 years or longer. This is a long-term investment.

Is my capital safe?

This is not a capital-protected investment. The fund provides exposure to high-quality businesses globally, offering long-term growth potential while recognising that its value will fluctuate with market conditions.

Are my funds accessible, and are there withdrawal charges?

There is an initial 6-month lock-in period with a 5% withdrawal fee for early redemption. Outside this lock-in period, there are no fees associated with withdrawals.

Can the fund accept both KES and USD?

Yes.

What is the currency risk?

For Kenyan investors measuring returns in KES, a stronger US dollar enhances portfolio performance. Since 2010, currency appreciation alone would have added approximately 41% to returns. Conversely, periods of KES strength, such as in 2024, can temporarily reduce the KES value of offshore investments.

Who is the fund suitable for?

Best suited for long-term growth objectives with a five-year horizon or longer, allowing investors to fully benefit from the power of compounding in US dollars. Ideal for goals such as retirement and pension planning, funding children’s tertiary education, and building long-term intergenerational wealth.

Why invest in global equities?

The Fourth Industrial Revolution is creating enormous value across AI, semiconductors, data centres, cybersecurity, blockchain and other breakthrough technologies. This fund allows Kenyan and East African investors to participate not only as users of these innovations, but as owners of the companies shaping the global economy of today and tomorrow.

If I invest in Kenyan shillings, do I need to open a USD bank account?

No.

Does it invest in companies outside Kenya?

Yes. The majority of the assets will be outside Kenya.

Can I make additional contributions after my initial investment?

Yes.

What are the main risks, and can I lose my money?

Key risks may include market risk, currency risk, economic risk, interest-rate risk, geopolitical risk, company-specific risk, liquidity risk and, where applicable, emerging-market risk. Investors should review the fund’s approved documentation for the full risk disclosure.

How is this different from MMF, Bond Plus and Equity Fund?

This is a global equity fund where most of the assets are held in shares outside Kenya.

How much can I potentially earn?

This fund doesn’t guarantee returns. But we believe it is likely to be one of the best-performing investment vehicles over the next 5 years for those who stay the course. It offers a chance to own companies in AI, semiconductors, data centres, cybersecurity and robotics, some of the best-performing investments of the last decade.

How often are returns credited, and how can I track performance?

This fund doesn’t pay out income. While some investments pay dividends, all dividends are reinvested back into the fund. This is a growth fund. Investors looking for regular income should not opt for this fund.

Who regulates and oversees the Special Fund?

The fund is regulated and overseen by the Capital Markets Authority (CMA), with safeguards in place to protect investors’ funds.

What happens if the market declines?

If the underlying investments perform poorly or the market declines, your investment is also likely to underperform in that period.