Money Market Fund


The fund provides a daily return by investing in liquid, short-term investment instruments. The aim of the fund is to provide returns from secure and highly liquid investments while offering the benefit of daily subscriptions and redemptions.

Features

 ·         EGP denominated 
 ·         Invests exclusively in money market instruments such as:
           o    Egyptian Government Treasury Bills and short term Treasury Bonds
           o    Time deposits
           o    Other EGP Money Market Funds (max 10% of assets)
 ·         Aims for an annual return close to the yield of Egyptian Government Treasury Bills
 ·         Tax exempt
 ·         Daily subscription and redemption, no charges 
 
·         Inception Date: May 2009 
 ·         Nominal Value: EGP 10 
 ·       
Minimum investment: 50 shares
 ·         Fund at inception: EGP 200 Million 
 ·         Management fees: 0.2325% p.a. 
 ·         Bank fees: 0.2325% p.a. 
 ·         Fund Administrator Fees: 0.035% p.a. 
 ·         Fund Manager: Sigma Asset Management 

Subscription

Subscription is available in all our branches.

Files Download
  Download Money Market Fund Prospectus
  Download ABK Money Market Fund Report December 2020

Today's ABK-Egypt Money Market Fund Price:

Price Last Update
31.2919   Thursday, January 21st 2021