According to the Securities and Exchange Commission […]

According to the Securities and Exchange Commission (SEC) Q1 report of 2026, collective investment schemes increased by K70.2 million in assets under management, continuing on the upward trend.

Speaking during the Securities and Exchange Commission’s first quarter of 2026 media briefing attended by the Zambia Business Times (ZBT), SEC Director of Enforcement and Legal Services Diana Sichone noted that the total assets under management rose from K3.65 billion in December 2025 to K3.72 billion, representing a 1.92% increase.

 “Total assets under management rose from K3.65 billion in December 2025 to K3.72 billion, representing a 1.92% increase, and out of the total assets under management of K3.72 billion, K billion (86.8%) was invested in locally managed assets, while K489.9 million (13.15%) was in foreign collective investment schemes,” said Sichone.

 She added that locally managed assets in Q1 saw an increase of about 5%, reflecting an increase of K154.6 million.

“Locally managed assets recorded a notable growth during the quarter under review, increasing by K154.6 million (about 5%).”

The performance was driven by the continued growth by the Hobbit Unit Trust, backed by the increased contribution from existing and new investors.

 However, Sichone highlighted that the total number of investors in collective investment schemes reduced by 10%, closing at 1.5 thousand investors in Q1.

“The total number of investors in Q1 of 2026 reduced closing at 1.5 thousand investors, representing a 10% reduction from 1.6 thousand in the previous quarter, and the reduction was mainly due to seasonal factors, which typically resulted in increased withdrawals during the period,” Sichone added.

Article Justine Phiri