409.49 EGP
fab
YTD return
4.78%
1-year
23.12%
Since inception
309.49%
Risk
Low Risk
Investment strategy
FAB (Al Awal) Daily Cumulative Return Fund for Liquidity. 25-100% T Bills. Upto 90% Time Deposits. Upto 49% T-Bonds. Upto 20% Bonds and certificates of other funds. Min 5% by issuer
Fund objective
Fund aims to provide an investment vehicle with daily liquidity that achieves daily cumulative interest on invested capital. The fund manager will invest in short term investments as governmental, corporate and bank debt instruments in addition to bank deposits, sukuk, repurchase agreements and other money market funds.
Fund details
CurrencyEgyptian Pound
TypeConventional
Investment ManagerHC Securities
IssuerFAB
OutlookShort Term
Redemption FrequencyDaily
Risk TypeLow Risk
Subscription FrequencyDaily
Minimum Subscription50 certificates
Subscription Fees0
Redemption Fees0
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