Financial Planning In A Turbulent Ecosystem
CORPORATE SCENE
By Marketing Africa Crew
CIC Asset Management ( CICAM ) is a subsidiary of CIC Group that specializes in the management of investment portfolios for pension fund schemes , collective investment schemes and private clients . CICAM is licensed by the Capital Markets Authority and the Retirement Benefits Authority to provide superior investment management and related financial services .
Marketing Africa crew held a discussion with Mr . Stanley Mutua , Managing Director CIC Asset Management Limited on the crucial issue of financial planning for the business and the individual driving the business , more so in a pandemic infested ecosystem and shares the deliberations here-in .
What are the products in CICAM , their features , and their benefits ?
Collective Investment Schemes
CIC Money Market Fund : This is a fund that invests in highly liquid near cash interest bearing instruments . This fund is ideal for investors looking to preserve their capital , it earns a daily interest on their low risk investment and it ’ s a safe place to park their funds for future projects as it is easy to withdraw .
CIC Fixed Income Fund : This is a moderate to medium risk fund which invests in a well-diversified portfolio of bonds issued by the Kenyan government and corporations . The fund is suitable for investors seeking a reasonable level of current income and a steady growth of their capital .
CIC Wealth Fund : This is a moderate risk fund which invests in diversified fixed deposits and high yielding interest bearing instruments in the Kenyan market . This fund is more aggressive than the money market and fixed income funds and its objective is to attain an enhanced level of return . The investor has the flexibility of choosing investment horizon which ranges from 3 , 6 , and 12 months .
CIC Balanced Fund : The balanced fund aims at providing medium return to the investor with medium risk . This is ideal for investors looking for a mixture of safety , income and capital appreciation . It invests in the stocks of listed companies for growth and in interest bearing instruments for income .
CIC Equity Fund : The CIC Equity fund
CIC Dollar Fund is a fund that invests in a well diversified portfolio of highly liquid near cash interest bearing dollar investments as well as dollar bonds issued by the Kenya government . The fund is suitable for investors seeking a reasonable level of current income and a steady growth of their capital . invests in professionally selected securities listed in the Nairobi Securities Exchange . The fund is suitable for the investor , who is seeking medium to long-term growth through capital gains from the investments .
CIC Dollar Fund : This is a fund that invests in a well diversified portfolio of highly liquid near cash interest bearing dollar investments as well as dollar bonds issued by the Kenya government . The fund is suitable for investors seeking a reasonable level of current income and a steady growth of their capital .
Pension products
CICAM Income Draw Down fund : It is an arrangement in which a member opts to access his / her retirement benefits as a regular income through an investment fund from which retirement benefits payments are drawn .
CICAM Umbrella Retirement Fund : This is a product designed for small and medium enterprises ( SME ’ s ) as well as larger organizations willing to set up segregated retirement benefits scheme .
There is no doubt that you have fabulous products portfolio on offer . Would you say the uptake by the market is optimal ?
Optimal is very ambitious , the market remains unscratched . We need to educate and sensitize our population on the opportunity cost of not investing our cash than just banking it . Inflation being the thief of cash value needs to be a key factor at any point for all Kenyans and ensure that our money is in a place where it maintains its value on the minimum .
06 MAL40 / 21 ISSUE