Banque Misr Mutual Fund in Euro with a daily cumulative return (day by day Euro) |
General Data |
General Data | Fund Category | Banque Misr Mutual Fund in Euro with a daily cumulative return (day by day Euro) |
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 . |
Distributions | Daily Accumulated Fund |
Inception Date | 2 April 2007 |
Subscription & Redemption | Daily before 2PM from any of BM branches |
NAV Publishing | Daily at Alahram Newspaper |
Fund Manager | Misr capital (SAE) |
Custodian | Banque Misr |
Auditors | Hazem Hassan (KPMG) - The bureau of Dr. Abdel Aziz Hegazy & Partners |
Financial Data |
Financial Data | Fund Size at Inception | Euro 50 Million |
Seed Capital by Banque Misr | Euro 2.5 Million |
Initial NAV per Certificate | Euro 10 |
Minimum Subscription | Euro 5000 |
Fund manager fees | |
Management Fees | 0.25% of NAV |
Performance Fees | none |
Bank Fees | 0.15% of NAV |
Marketing fees | 0.25% of NAV |
Other fees | |
Subscription Fees | Individuals: Euro 20 Corporates: Euro 50 |
Redemption Fees | 0 |
Assets Allocation |
Assets Allocation | Allocation of Cash % | max allocation 95% of total assets |
Allocation of Euro Treasury Bills % | 100% of total assets |
Sovereign Bonds % | max allocation 40% of total assets |
Allocation of Euro Saving Certificates | max allocation 40% of total assets |
Allocation of Corp.Bonds, Euro securities &other fixed income securities | max allocation 30% of total assets (max.allocation: 20% for each) |
Deposits, bonds, saving certificates | max allocation 20% of total assets |
Currency swap contracts, interests, derivatives, options and futures | max allocation 25% of total assets |
Structured Products | max allocation 40% of total assets |
Securities Per Issuer | max allocation: (10% of total assets) & ( 15% of Issue ) |
Funds Cert. Issued by other Banks | max allocation: (20% of total assets) & ( 5% of Issue ) |
