Jubilee Asset Management Limited has introduced a U.S. dollar-denominated fund to attract hard currency investments. The fund targets investors looking for stable and predictable greenback-tied returns.

The company says the Jubilee Money Market Fund offers short- to medium-term competitive dollar returns on investments focusing on capital preservation and liquidity.

According to Jubilee Holding Group CEO Julius Kipngetich, the new fund will provide investors diverse investment options, enabling them to achieve their financial goals.

On the other hand, Jubilee Asset Management Limited Chief Executive Officer (CEO) Dominic Kiarie said the fund will offer an ‘opportunity’ for investment in USD hard currency and provide diversified and enhanced returns.

“The Chief Executive Officer of Jubilee Asset Management Limited Mr. Dominic Kiarie, while giving his remarks during the launch event, indicated that the opening annual yield for the Fund was 9.05% p.a in USD, while currently the annual yield is 6.64% p.a in USD.”

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The Fund will mainly target investors seeking short—to medium-term competitive (USD) returns on their investments, with a focus on capital preservation and liquidity.

According to Jubilee, the high liquidity will also allow investors to easily withdraw funds, providing quick access to funds when needed.