SIB banks’ foreign investment arm records mild drop in returns

MansaX delivered 18.75% return after fees (23.75% gross return) in 2020 despite the effects of the COVID19 pandemic on both local and global markets.

The return compares favourably with the 19.01% return after fees (24.01% gross return) which the fund achieved over a similar period in 2019.

The MansaX Fund performance has been reported net of fees, in line with the New Capital Markets Authority (CMA) Guidelines to Collective Investment Schemes on Valuation, Investment Performance Measurement and Reporting that requires Fund Managers to report fund performance net of all fees charged, effective 1st January 2021.

“2020 was a year characterised by high levels of uncertainty in the local and global markets. Even so, MansaXwas able to prove its resilience by delivering an impressive return to our clients while protecting their capital from the downside risks attributed to the prevailing uncertainties.”
Nahashon Mungai, SIB’s Executive Director for Global Markets.

MansaX also saw a Kshs. 891 million growth in its Assets Under Management (AUM) in Q4’2020, pushing the fund to an AUM of Kshs. 3.1 billion, a factor Mr. Mungai attributes to investors’ improved trust in the fund’s strategy and exceptional expertise.

“The final quarter of 2020, was about steering the fund to maintain the outstanding numbers we had delivered in the course of the year. We therefore maintained the conservative trading model which ensures we protect investors funds,” Mr. Mungai added.

MansaX is a multi-asset strategy fund that exposes retail and institutional investors to both local and global financial instruments in six key asset classes: currencies, commodities, precious metals, local and global stock indices, local and global single stocks as well as cash and fixed income.