In the fourth quarter of 2019, the DC Fund recorded return of 5.1%. The year to date (January to December 2019) return stood at 14.1% against a benchmark 9.3% in the same period. As at 31st December 2019, the asset under management were Kshs. 16.61 billion up from Kshs.15.60 billion in quarter three.
The Fund performance for the last five quarters is as below:
According to the World Bank’s projects, Kenya’s GDP growth is expected to rise to 6.0% in 2020 underpinned by private consumption, a pick-up in industrial activity and strong performance in the services sector. Growth will also be driven by ongoing key investment to support implementation of the Big 4 development agenda and improved business sentiment.