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Banque Misr Mutual Fund in Dollar with a daily cumulative return (day by day Dollar)

 

Banque Misr Mutual Fund in Dollar with a daily cumulative return (day by day Dollar)

General Data

General Data

Fund Category

Banque Misr Mutual Fund in Dollar with a daily cumulative return (day by day Dollar)

Investment Objective

The Funds objective is to provide investors with daily liquidity while preserving capital and maximizing return. Its objectives are achieved through diversifying its secured investments in secure high-yielding short-term interest-bearing instruments. It invests in short and medium term investments such as sovereign bonds, treasury Bills, notes, bonds and bank deposits, certificates of deposits, corporate bonds, and other U$ securities.

Distributions

Accumulative Fund

Inception Date

2 April 2007

Subscription & Redemption

Daily before 1PM from any of BM branches

NAV Publishing

On the first business day of the week in Al-Ahram Newspaper

Fund Manager

CI Asset Management 

Auditors

Hazem Hassan (KPMG)

Financial Data

Financial Data

Fund Size at Inception

U$ 100 million

Seed Capital by Banque Misr

U$ 5 million

Initial NAV per Certificate

U$ 10

Minimum Subscription

U$ 5000

Fund manager fees

 

Management Fees

0.25% of NAV

Performance Fees

none

Bank Fees

0.15% of NAV

Marketing Fees

0.25% of NAV

Other Fees

 

Subscription Fees

Individuals: U$ 20Corporates: u$ 50

Redemption Fees

0

Assets Allocation

Allocation

Allocation of Cash %

Max allocation 100 % of Total assets

Allocation of U$Treasury Bills %

Max allocation 100% ofTotal assets

Sovereign Bonds %

Max allocation 40% ofTotal assets

Allocation of U$ Saving Certificates

Max allocation 40% ofTotal assets

Allocation of Corp.Bonds, U$ securities &other fixed income securities

Max allocation 30% of Total assets (max.allocation: 20% for each)

Structured products Issued from banks ranked not less than BBB

40% ofTotal assets

Securities, deposits, bonds, saving certificates combined at any party except the governments entities or the business sector or the government banks

Max allocation 20% ofTotal assets

Currency swap contracts, interests, derivatives, options and futures

Max allocation 25% ofNAV

Securities Per Issuer

max allocation: (10% of Total assets) & ( 15% of Issue )

Funds Cert. Issued by other Banks

max allocation: (20% of Total assets) & ( 5% of Issue )