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 May 2021
   Download Change of Fund Administration Company

Today's ABK-Egypt Money Market Fund Price:

Price Last Update
32.5236   Wednesday, June 23rd 2021