Does AMKA recommend a special fund?

No. AMKA displays published information for comparison and education only.

Invest · Alternative funds

Special Funds.

Q: What is a special fund?

A special fund is a collective investment scheme that may use strategies outside standard fund categories, including multi-asset, private debt, derivatives or offshore assets.

Compare published returns on the same basis. The table below uses January–September 2026 cumulative net returns for the four KES special funds with Q3 figures AMKA could verify.

Updated · 27 Oct 2026: These are 2026 year-to-date net returns through 30 September, not annualised projections. AMKA has removed the older H1 annualised and 2025 figures that previously made the table look more current and comparable than it was. This is not a ranking.

Current comparable snapshot.

Fund	2026 YTD net return	Period	Minimum	Source
Etica Special Multi Asset Fund	16.61%	Jan–Sep 2026	KES 250,000	Etica ↗
Kuza Momentum Special Fund	9.44%	Jan–Sep 2026	KES 100,000	Q3 source ↗
Mansa X Special Fund (SIB)	16.20%	Jan–Sep 2026	KES 250,000	Q3 source ↗
Oak Special Fund	12.28%	Jan–Sep 2026	KES 500,000	Q3 source ↗

Return basis: cumulative net return for January–September 2026, assuming returns are reinvested where stated by the source. Past performance does not guarantee future returns. Minimums and terms can change; confirm them with the manager before investing.

Why the numbers changed

Like-for-like matters more than the biggest percentage.

The previous table mixed annualised H1 figures, older published returns and different reporting bases. For example, Mansa X’s 23.15% and Etica’s 22.13% were annualised first-half figures, not returns actually earned over the nine months to September. AMKA now shows one common YTD period for this comparison.

Know the product

What is a special fund?

Special funds can use strategies outside standard money-market, fixed-income or equity-fund categories. Depending on the fund, that can include multi-asset portfolios, private debt, derivatives, offshore assets or absolute-return strategies. Their risk, fees, liquidity and minimum investment can differ significantly.

Before investing

Check the structure, access and risk.

Confirm the fund and manager with the Capital Markets Authority, read the offering document, understand how and when withdrawals work, and check the full fee schedule before committing money.

Read the special-fund checklist →Explore other investments