Pension funds increased their offshore investments by 25% to Ksh104.99 billion in the year to June 2026 as managers sought to diversify portfolios and hedge against domestic risks.
Report by the Retirement Benefits Authority (RBA) highlighted that much of the growth was directed into global equity funds, including BlackRock’s Developed World Index Fund and Franklin US Opportunities Fund.
The shift comes as pension assets surpassed Ksh3 trillion, reaching Ksh3.17 trillion. Despite the growth, offshore holdings account for only 3.3% of total assets, well below the 15% regulatory limit.
Government securities remained the largest asset class at Ksh1.5 trillion, while quoted equities rose to Ksh439.32 billion.
