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

General Data

General Data

Fund Category

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

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 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 Euro securities.

Distributions

Daily Accumulated Fund

Inception Date

April 2007

Subscription & Redemption

Daily before 1PM from any of BM branches

NAV Publishing

Daily in Al-Ahram Newspaper

Fund Manager

CI Asset Management

Custodian

Banque Misr

Auditors

Hazem Hassan (KPMG) - The bureau of Dr. Abdel Aziz Hegazy & Partners

Financial Data

Financial Data

Fund Size at Inception

Euro 50 Million

Seed Capital by Banque Misr

Euro 2.5 Million

Initial NAV per Certificate

Euro 10

Minimum Subscription

Euro 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: Euro20Corporates: Euro 50

Redemption Fees

0

Assets Allocation

Assets Allocation

Allocation of Cash %

Max allocation 100% of total assets

Allocation of Euro Treasury Bills %

100% of total assets

Sovereign Bonds %

Max allocation 40% of total assets

Allocation of Euro Saving Certificates

Max allocation 40% of total assets

Allocation of Corp.Bonds, Euro securities &other fixed income securities

Max allocation30% of total assets (max.allocation: 20% for each)

Deposits, bonds, saving certificates

Max allocation20% of total assets

Currency swap contracts, interests, derivatives, options and futures

Max allocation25% of total assets

Structured Products

Max allocation 40% of total assets

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 )