Structure
Open Ended Egyptian Mutual Fund.
Objective
The fund aims at providing the highest possible yield with the lowest possible risk, while also maintaining high liquidity allowing investors to redeem and subscribe daily without any fees. This is achievable by investing and trading in low-risk securities, such as government securities(Treasury Bonds and Bills), certificates of deposits, commercial paper of companies, Bank Deposits, Savings Accounts, Savings Certificates and other highly liquid and low-risk securities
Investment Strategy
The fund will invest in fixed income securities such as T.Bills, T.Bonds, Bank Deposits, Corporate Bonds and Certificate of Deposits
Bank Sponsored
Bank of Alexandria and its different branches
Investment Manager
Hermes Fund Management (HFM)
Dividends
No dividend distribution
Minimum Subscription
100 Investment Certificates
Financial Year End
31 December