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

General Information

Fund Name

Banque Misr Mutual Fund in Euro with Daily Accumulated Return (Day by Day Euro)

Fund Type

Open-end fund with daily accumulated return

Fund Objective

The fund aims to provide a savings and investment vehicle that offers daily liquidity by calculating a daily accumulated return on invested funds. The fund invests in short- and medium-term liquid investments with fixed returns, such as bonds, treasury bills, bank deposits, and savings certificates.

Distributions

Daily accumulated return

Inception Date

April 2007

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

Custodian

Arab African International Bank (AAIB)

Auditors

KPMG- Hazem Hassan Consulting and Dr. Abdel Aziz Hegazy & Co.

Financial Information

Fund Size at Launch

EUR 50 million

Banque Misr Contribution at Launch

EUR 2.5 million

Document Offering Price

EUR 10

Minimum Investment

EUR 5,000

Subscription Fees

None

Redemption Fees

None

Investment Manager Fees

• Management Fees: 0.25% of the fund's net assets.
• Performance Fees: None

Bank Fees (Shareholder Registry Management)

0.15% of the fund's net assets

Marketing Commission

0.25% of the fund's net assets

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.