By Duncan MiririNAIROBI, Aug 5 (Reuters) - Kenya's Nairobi Securities Exchange is creating East Africa's first AI stocks-focused exchange-traded fund, which it plans to offer to investors before year-end, its CEO said. ETFs are funds with underlying assets like listed ​shares, which trade on exchanges like ordinary equities, offering ‌investors exposure to a particular asset class. The planned AI fund will most likely be denominated in the Kenyan shilling, Mwiti said, to limit foreign exchange risks. "Kenyans are actually investing in foreign markets because of lack of product diversity here," he said. The exchange is discussing the proposal with the market regulator, Mwiti said.