Nairobi, March 21 -- Over the last few years, Kenyans have been increasingly turning to unit trusts, which are pooled funds run by investment schemes, as their personal finance investment vehicles owing to their relatively low risk and certainty of investment returns.

Data from the Capital Markets Authority show collective schemes grew their assets by Sh9.3 billion or 6.3 percent to Sh155 billion in the period that ended September 2022.

Unit trusts have gained popularity due to the ability to invest as little as Sh1,000 using mobile phones, their ease of entry, and the withdrawal of funds.

However, investors remain vulnerable to scams and fraud.

Britam Group CEO Tom Gitogo, whose firm runs a unit trusts investment scheme advises on ho...