721.66 EGP
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YTD return
5.11%
1-year
23.39%
Since inception
621.66%
Risk
Low Risk
Investment strategy
The Export Development Bank Money Market Fund – EBE: T-Bills up to 100%. Cash and Cash Equivalent up to 75%. CD’s up to 50%. Corp. Bonds up to 20%. T-Bonds and Other Medium Term Maturity Investment 49%.
Fund objective
The fund provides daily liquidity investing in safe, short-term money market instruments that aims to yield higher than bank deposits’ and saving accounts. This is achieved by investing in money market instruments with a high degree of liquidity and maturities of less than 13 months with a maximum duration of 150 days.
Fund details
CurrencyEgyptian Pound
TypeConventional
Investment ManagerAzimut Egypt Asset Management
IssuerThe Export Development Bank
OutlookShort Term
Risk TypeLow Risk
Redemption FrequencyDaily
Subscription FrequencyDaily
Minimum Subscription1
Subscription Fees0
Redemption Fees0
Similar funds
Banque Misr Money Market Fund – Youm B Youm EGP — 4.83% Commercial International Bank Money Market Fund – Osoul — 5.00% QNB Al Ahli Mutual Fund 1 – Themar — 5.18% National Bank of Egypt Fund 4 — 1.46% First Abu Dhabi FAB Money Market Fund – Al Awal — 4.78% ADIB Egypt shari’a compliant money market fund with daily cumulative return — 4.76%Indicative prices and returns — not investment advice.