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.
Today's ABK-Egypt Money Market Fund Price:
Price |
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Last Update |
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31.2919 |
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Thursday, January 21st 2021 |
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