Banque Misr Mutual Fund in Dollar with a daily cumulative return (day by day Dollar) Click Here For More Info

General Information

Fund Name

Banque Misr Mutual Fund in Dollar with Daily Cumulative Return (Day by Day Dollar)

Fund Type

Open-end fund with daily accumulated return

Fund Objective

The fund aims to provide a savings and investment vehicle that ensures daily liquidity by calculating a cumulative daily return on invested funds. The fund invests in short- and medium-term liquid fixed-income instruments, such as bonds, treasury bills, bank deposits, and certificates of deposit.

Distributions

Daily accumulated return

Commencement Date

Effective from the date of obtaining a license to operate from the Egyptian Capital Market Authority

Subscription & Redemption

Subscription: Requests are accepted daily until 1:00 PM at any Banque Misr branch and are executed on the same day.

Redemption: Requests are accepted daily until 1:00 PM at any Banque Misr branch and are executed within two business days.

NAV Publishing

• Published every Sunday in Al-Ahram newspaper.
• Published daily on the bank's website.

Fund Manager

CI Asset Management

Auditors

KPMG- Hazem Hassan Consulting

Financial Information

Fund Size at Launch

USD 100 million

Banque Misr Contribution at Launch

USD 5 million

Document Offering Price

USD 10

Minimum Investment

USD 5,000

Subscription Fees

None

Redemption Fees

None

Investment Manager Fees

Management Fees

0.009% of the net asset value, paid to the fund administration services company

Performance Fees

None

Bank Fees (Shareholder Registry Management)

0.15% of the fund's net assets

Marketing Fees

The fund bears a marketing fee of 0.35% annually, not exceeding 0.35% of the net asset value per year.

Investment Strategy

The fund invests in short- and medium-term liquid investments with fixed returns, such as bonds, treasury bills, bank deposits, and savings certificates.