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Banque Misr Money Market Fund - Egyptian Pounds |
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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 EGP securities . |
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Distributions |
Accumulated Fund |
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Inception Date |
22 August 2004 |
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Subscription & Redemption |
Daily before 2PM 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 |
Beltone Asset Management |
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Custodian |
Banque Misr |
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Auditors |
Saleh,Barsoum & Abdel Aziz (Delloite) - Hazem Hassan (KPMG) |
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Financial Data |
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Financial Data |
Fund Size at Inception |
200 Million |
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Seed Capital by Banque Misr |
EGP 10 million |
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Initial NAV per Certificate |
EGP 10 |
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Minimum Subscription |
EGP 10000 |
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Fund manager fees |
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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 |
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Performance Fees |
none |
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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 |
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Marketing fees |
0.25% of NAV |
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Other fees |
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Subscription Fees |
Individuals: LE 85 Corporates: LE 485 |
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Redemption Fees |
0 |
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Allocation |
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Allocation |
Allocation of Cash % |
60% of NAV |
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Allocation of Treasury Bills % |
75% of NAV |
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Allocation of Treasury Bonds % |
40% of NAV |
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Allocation of Saving Certificates % |
40% of NAV |
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Allocation of Corp. Bonds |
30% of NAV ( 20% max. for each ) |
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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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