Co-opTrust Unit Trust Fund Hits 98% Growth, Breaks Into Top 10 at 7th AGM
Co-opTrust Investment Services Limited (CISL), a wholly owned subsidiary of The Co-operative Bank of Kenya, marked strong growth at its 7th Annual General Meeting for the Co-op Unit Trust Fund held on 24th April 2026.
Managing Director & CEO FA, Nicholas Ithondeka, MCSI reported an impressive 98% growth in the Co-op Unit Trust Fund in FY 2025. The performance places the fund among the top 10 in market share nationally, achieved in under five years since launch.
“The trust our unitholders have placed in us is humbling,” Ithondeka told attendees. “To grow 98% and enter the top 10 this fast shows Kenyans want cooperative-led wealth solutions that deliver.”
INVESTOR CONFIDENCE SOARS
The AGM also confirmed an 87% jump in unitholders during FY 2025. Growth was driven by SACCO partnerships, retail onboarding, and digital access via the Co-op Bank App and Co-op Kwa Jirani network of 16,793 agents. CISL’s money market, equity, and balanced funds have gained traction with SACCOs, SMEs, and individual savers seeking CMA-regulated products backed by the Co-op Bank Group’s 7.5M+ account base.
STRONG GOVERNANCE STRUCTURE
The meeting brought together the fund’s key oversight partners. Ms. Rose Limo, Chair – Corporate Trustee, KCB Bank Kenya Ltd, reaffirmed the trustee’s role in safeguarding unitholder interests. Mr. John Muhalia, Fund Auditor from Deloitte & Touche LLP, presented the audited financials. Mr. Kevin Mwalo represented The Co-operative Bank of Kenya Ltd as Fund Custodian. Their presence highlights the fund’s multi-layered governance model.
COOPERATIVE MODEL WINS.
As part of Co-op Bank Group, CISL leverages the bank’s 222 branches and deep cooperative roots to reach underserved investors. The 2025 results outpaced industry averages, with new inflows from SACCOs and first-time retail investors. Ithondeka said CISL’s focus now shifts to investor education, product innovation, and tech upgrades. “Our mandate is wealth creation for the cooperative movement and all Kenyans. The next phase is about scale and deeper impact.” The Co-op Unit Trust Fund’s rise signals growing confidence in bank-owned asset managers and the appeal of cooperative-branded investments in Kenya’s retail market.
