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Banque Misr Fund III - " Previousely Exterior " |
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General Data |
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General Data |
Fund Name |
Banque Misr Fund III |
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Fund Category |
Equity Fund |
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Investment Objective |
Maximization of capital gains and periodic returns to be distributed to holders of the Fund certificates issued by the Mutual Fund, through investment in a diversified portfolio of local and international securities consisting of shares and bonds managed by specialized experts. |
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Dividends |
Semi Annualiy |
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Inception Date |
11 December 1997 |
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Subscription & Redemption |
Before 12PM on first day of business week from any of BM branches |
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NAV Publishing |
On first day of business week at Alahram newspaper |
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Fund Manager |
HC For Funds Mangement |
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Custodian |
Banque Misr |
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Auditors |
MRI (Mustafa Shawky & Partners) & KPMG ( Hazem Hassan ) |
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Financial Data |
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Financial Data |
Fund Size at Inception |
EGP 100 million |
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Seed Capital by Banque Misr |
EGP 10 million |
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Initial NAV per Certificate |
EGP100 |
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Minimum Subscription |
1 Certificate |
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Fund manager fees |
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1- Management Fees |
0.45% annually from Net Asset Value ( NAV) |
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2- Performance Fees |
7.5% of annually from Net profit above 91 day T-bills yield |
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Bank Fees |
0.45% annually from Net Asset Value (NAV) |
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Subscription Fees |
none |
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Redemption Fees |
1% of the redemption price (NAV) payable to the fund |
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Assets Allocation |
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Assets Allocation |
Allocation Equities % |
Max. Allocation:(90% of NAV) |
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Allocation Bonds % |
Max. Allocation: (60% of NAV) |
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Securities per Issuer |
Max. Allocation: (10% of NAV) & (15% of issue) |
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Securities per Sector |
Max. Allocation: (30% of NAV) |
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Egyptian Global Depositary Receipts (GDR) |
Max. Allocation: (20% of NAV) |
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Funds Issued by Other Banks |
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**The nominal value of the certificate became LE100 after a split of 10:1 |
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