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Banque Misr Money Market Fund (Youm b Youm - EGP)

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Banque Misr Money Market Fund - Egyptian Pounds

General Data

 

 

 

 

General Data

Fund Category

Money Market Fund

Investment Objective

The Fund’s objective is to provide investors with daily liquidity   through calculating a daily return of the invested money which is added daily to the customers account at the end of every day . 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 EGP securities .

Distributions daily

Accumulated return

Inception Date

22 August 2004

Subscription & Redemption

Daily before 2PM from any of BM branches with the same day price

 NAV Publishing

On first day of business week at Alahram newspaper

Fund Manager

Beltone Asset Management

Custodian

Banque Misr

Auditors

Saleh,Barsoum & Abdel Aziz (Delloite) - Hazem Hassan (KPMG)

Financial Data

 

 

 

 

 

 

 

 

 

Financial Data

Fund Size at Inception

L.E 200 Million

Seed Capital by Banque Misr

EGP 10 million

Initial NAV per Certificate

EGP 10

Minimum Subscription

EGP 10000

Fund manager fees

 

 

 

Management Fees

The fees are settled according to the following segments :

LE 200mm : 0.25% of Nav

- 200mm to 1 bn : 0.2375% of Nav

- 1bn to 2bn : 0.225% of Nav

- 2bn to 3bn : 0.2125% of Nav

3bn : 0.2% of Nav

Performance Fees

none

 

 

Bank Fees

The fees are settled according to the following segments :

LE 1bn : 0.15% of NAV

- 1bn to 2bn : 0.1625% of NAV

- 2bn to 3bn : 0.1750% of NAV

- 3bn : 0.1875% of NAV

Marketing fees

0.25% of NAV

Other fees

 

Subscription Fees

Individuals: LE 85                      Corporates: LE 485

Redemption Fees

0

 Allocation

 

 

 

Allocation

Allocation of Cash %

Max allocation 60% of total assets

Allocation of Treasury Bills %

Max allocation 75% of total assets except in case the return on treasury bills in more than the deposits return.

Allocation of Treasury Bonds %

40% of total assets

Allocation of Saving Certificates %

40% of total assets

Allocation of Corp. Bonds

30% of total assets( 20% max. for each ) with credit rating - BBB at least

Securities Per Issuer

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

Funds Cert. Issued by other Banks

max allocation: (10% of total assets) & ( 5% of Issue )

 

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