Nairobi, April 20 -- Sanlam and NCBA unit trusts posted the fastest growth in assets under management (AuM) as combined industry assets expanded to Sh161 billion at the end of last year.

The Capital Markets Authority (CMA) data shows the two accounted for 56 percent of the extra Sh26.34 billion AuM that collective investment schemes added in the year ended December 2022.

Sanlam Unit Trust Scheme's assets under management jumped by 84 percent or Sh7.23 billion to Sh15.84 billion, racing past Britam and ICEA unit trust to become the third largest scheme.

NCBA unit trust posted a 40.8 percent or Sh7.34 billion jump to Sh25.34 billion to retain its position as the second-largest scheme by assets under management.

Sanlam and NCBA's growth,...