The Capital Markets (Collective Investments Schemes) Regulations, 2023

128. Calculating returns

Edition: 2023-12-15 · In force

128. Calculating returns

(1)When calculating returns for a collective investment scheme funds using time-weighted method, all assets shall be valued daily and returns calculated at least monthly.

(2)The fund manager shall calculate sub-period returns at the time of all cash flows exceeding 10% of the Assets under Management.

(3)When calculating returns, the fund manager shall geometrically link periodic and sub-period returns.

(4)When calculating returns the fund manager shall consistently apply the calculation methodology used for an individual portfolio.

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Source: Kenya Law