Jubilee Asset Management, a subsidiary of Jubilee Holdings led by Aga Khan IV, also known as Shah Karim al-Husayni, has launched a dollar-denominated money market fund.
This new offering is designed for retail and institutional investors seeking stable returns in U.S. dollars.
The Jubilee Money Market Fund (USD) requires an initial minimum investment of $1,000 (Sh130,000), with additional top-ups set at $500 (Sh65,000). This contrasts with the shilling-denominated fund, which has a lower entry point of Sh5,000 and minimum top-ups of Sh1,000.
This dollar fund is aimed at investors seeking competitive returns in dollars, particularly those transitioning from high-risk investments to a more conservative portfolio. It also serves as a hedge against the volatility commonly associated with local currency investments.
