During the third quarter of 2019, the DB Fund recorded a return of 1.58%. The year to date (January to September 2019) return stood at 7.05%. There was an increase in performance from Quarter 2 to Quarter 3 due to improved performance of the stock market. At the end of the quarter, the assets under management stood at Kshs. 19.2 billion up from Kshs.18.97 billion in December 2018.
Kenya’s economy is projected to grow by 6.3% in 2019, supported by the key pillars of the Big Four Agenda according to the Central Bank of Kenya. The future direction of the currency and inflation remain key risks to this outlook. Yields on Government Securities may edge up albeit slightly with most of the movement expected to happen towards the end of the fiscal year.