NSE assigns international identification numbers to two MansaX investment funds

The Nairobi Securities Exchange has issued internationally recognised identification numbers to two MansaX investment funds managed by Standard Investment Bank. The numbers, known as ISINs, serve as unique identifiers for financial instruments, making it easier for banks, fund managers and institutional investors to identify and account for investments across international markets. The allocation covers the Kenya shilling-denominated MansaX Special Fund and MansaX Shariah Special Fund. Standard Investment Bank says the development will support its efforts to attract more institutional and international investors. The NSE has, however, clarified that the allocation is strictly for identification purposes and does not constitute approval, licensing or endorsement of the funds.