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Banque Misr Money Market Fund - Euro |
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General Data |
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General Data |
Fund Category |
Money Market Fund |
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Investment Objective |
The Fund’s 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 . |
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Distributions |
Accumulated Fund |
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Inception Date |
2 April 2007 |
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Subscription & Redemption |
Daily before 2PM from any of BM branches |
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NAV Publishing |
Daily at Alahram Newspaper |
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Fund Manager |
Beltone Asset Management |
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Custodian |
Banque Misr |
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Auditors |
Hazem Hassan (KPMG) - The bureau of Dr. Abdel Aziz Hegazy & Partners |
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Financial Data |
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Financial Data |
Fund Size at Inception |
50 Million |
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Seed Capital by Banque Misr |
0 |
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Initial NAV per Certificate |
Euro 10 |
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Minimum Subscription |
Euro 5000 |
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Fund manager fees |
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Management Fees |
0.25% of NAV |
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Performance Fees |
none |
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Bank Fees |
0.15% of NAV |
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Marketing fees |
0.25% of NAV |
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Other fees |
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Subscription Fees |
Individuals: Euro 3 Corporates: Euro 20 |
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Redemption Fees |
0 |
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Assets Allocation |
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Assets Allocation |
Allocation of Cash % |
60% of NAV |
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Allocation of Euro Treasury Bills % |
100% of NAV |
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Sovereign Bonds % |
40% of NAV |
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Allocation of Euro Saving Certificates |
40% of NAV |
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Allocation of Corp.Bonds, Euro securities &other fixed income securities |
30% of NAV(max.allocation: 20% for each) |
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Structured Products |
40% of NAV |
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Securities Per Issuer |
max allocation: (10% of NAV ) & ( 15% of Issue ) |
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Funds Cert. Issued by other Banks |
max allocation: (10% of NAV ) & ( 5% of Issue ) |
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