NAIROBI, October 9, 2025 — CIC Insurance Group has partnered with the Trade Development Bank [TDB] for strategic sponsorship to strengthen its offshore positioning through an operational partnership with Swiss private bank Vontobel that is also tasked with offshore execution support for the Fund.
The partnership has resulted in the launch of the CIC Global Balanced Special Fund, a US dollar-denominated balanced collective investment scheme, marking CIC Insurance Group’s entry into the global investment scene. The product gives investors access to a diverse portfolio of both domestic and offshore asset investments.
The Fund is managed under CIC Asset Management [CICAM], a subsidiary of the Group, a leading asset manager in Kenya currently with a total Assets Under Management of Ksh 183 billion.
The CIC Global Balanced Special Fund is designed to protect investors from major market fluctuations by spreading investments across a diverse mix of assets, aiming for returns through risk management. It comes at a time when the Capital Markets Authority [CMA] reports that collective investment scheme assets have crossed Kshs 500bln mark, with a growing appetite for foreign-currency and offshore funds.
Speaking during the launch in Nairobi yesterday, Patrick Nyaga, Group Managing Director & Chief Executive Officer at CIC Group, said: “We are launching this fund at a time when there is rising demand for diversified offshore investments. Through the product, we will give investors access to local fixed income investments like Treasury bills and bonds and global tools like ETFs, global equities and mutual funds.”
On his part, Humphrey Gathungu, Managing Director of CIC Asset Management Limited, said: “Our mission through this fund is to democratise access to investment opportunities in a market segment that has long been the preserve of institutions and high-net-worth clients. Historically, special funds demanded high minimum investment and complex paperwork, and we are changing this model by making the initial investment one of the lowest in the market.”
The Fund aims to provide consistent capital growth in the medium to long term by reinvesting all income to enhance compounding returns, while maintaining the tactical discretion to deploy assets across global markets and chosen domestic fixed-income instruments when attractive opportunities arise.
Cooperative Bank will act as the custodian of the Fund which is domiciled in Kenya and has obtained approvals from the Capital Markets Authority [CMA].
To participate in these investments, investors require:
- Minimum initial Investment: US$ 1,000
- Minimum top-up: US$ 100
- Minimum account balance: US$ 1,000
- Minimum withdrawal amount: US$ 10
- Fund Management Fee: 2.5 percent annually
- Lock-in Period: 6 months from the initial deposit,
all top-ups within the 6 months will be locked in.
The CIC Group has for five decades shouldered the risks of many customers by providing insurance and financial services built around their needs across the four markets it operates in. CIC Group is a premier Co-operative insurer in Africa, delivering insurance and investment services across Kenya, Uganda, South Sudan and Malawi. With a footprint comprising of 37 branches and over 7,000 intermediaries, CIC Group ranks among the most successful insurance and investment providers in Kenya. The company provides a diverse portfolio of products and services in Asset Management, General Insurance, Life Assurance, Medical Insurance, and Micro Insurance.
https://thecooperator.news/cic-africa-uganda-ten-years-of-keeping-our-word/
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