Business Daily | by Patrick Alushula and Otiato Guguyu
Amana Unit Trust fund’s assets under management shrunk by 65.9 percent to Sh203 million in the three months to June, piling pressure on the collective investment scheme that started in 2010.
Latest industry data published by the Capital Markets Authority (CMA) shows that the funds under management at the end of June dropped from Sh597 million in March, marking the tenth straight trading quarter of shrinking assets.
The latest decline means that Amana Unit trust has shed Sh1.18 billion in…
