{
  "id": 4390818,
  "title": "Enwealth’s money market fund assets rise 91pc to Sh2bn",
  "url": "https://urgent.news/2026/08/30/enwealths-money-market-fund-assets-rise-91pc-to-sh2bn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-30T09:16:57.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/enwealths-money-market-fund-assets-rise-91pc-to-sh2bn/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Enwealth's Money Market Fund assets surged 91% to Sh2.03 billion in the six months to June 2026 from Sh1.07 billion a year earlier, driven by increased investor allocations seeking low-risk returns. Investment income for the period rose to Sh94.2 million, an 8.7% increase, while profit after tax climbed 8.7% to Sh79.5 million. The fund's growth was complemented by substantial investments in other Enwealth products, including a 229% surge in the Balanced Fund and a 75% increase in the Dollar Money Market Fund. Managing Director Simon Wafubwa attributed the uptick to investor preferences for liquidity and capital preservation, alongside the firm's broader diversification strategy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}