In the last two years, the local currency has depreciated dramatically, while equities and fixed-income investments linked to the US dollar and regional currencies have seen relatively higher results.
The depreciation of the Kenyan shilling increases the value of returns on foreign currency assets, protecting diversified investors from fluctuations in the local economy.
In the meantime, investors with more diverse portfolios are realizing significant returns on the portions of their holdings that are not denominated in local currency.
