Banque Misr Mutual Fund in Dollar with a daily cumulative return (day by day Dollar)

General Information

Fund Name

Banque Misr Mutual Fund in Dollar with Daily Cumulative Return (Day by Day Dollar)

Fund Type

Open-end fund with daily accumulated return

Fund Objective

The fund aims to provide a savings and investment vehicle that ensures daily liquidity by calculating a cumulative daily return on invested funds. The fund invests in short- and medium-term liquid fixed-income instruments, such as bonds, treasury bills, bank deposits, and certificates of deposit.

Commencement Date

Effective from the date of obtaining a license to operate from the Egyptian Capital Market Authority

Subscription & Redemption

Subscription: Requests are accepted daily until 1:00 PM at any Banque Misr branch and are executed on the same day.

Redemption: Requests are accepted daily until 1:00 PM at any Banque Misr branch and are executed within two business days.

NAV Publishing

• Published every Sunday in Al-Ahram newspaper.
• Published daily on the bank's website.

Fund Manager

CI Asset Management

Financial Information

Minimum Investment

USD 5,000

Subscription Fees

None

Redemption Fees

None

Investment Strategy

The fund invests in short- and medium-term liquid investments with fixed returns, such as bonds, treasury bills, bank deposits, and savings certificates.