17.55 EGP
wethaqq
YTD return
5.58%
1-year
25.30%
Since inception
75.52%
Risk
Low Risk
Investment strategy
Wethaq Money Market Fund: is an open-ended fund invests in Egyptian Treasury Bills Egyptian short dated Treasury Bonds up to 100%. Time Deposits up to 80%. Treasury and Corporate Bonds with minimum credit rating BBB- up to 40%. Repurchase agreements up to 40%. Similar Money Market Funds up to 60%.
Fund objective
Investing in a variety of short-term debt securities such as treasury bills and bonds & Time deposits. This diversification aims to maximize returns with the highest liquidity and minimum risk, while the redemption of the Fund’s Investment Certificates are on a daily basis.
Fund details
CurrencyEgyptian Pound
TypeConventional
Investment ManagerAl Ahly Financial Investments Management
IssuerWethaq Takaful Insurance
OutlookShort Term
Risk TypeLow Risk
Redemption FrequencyDaily
Subscription FrequencyDaily
Subscription Fees0
Redemption Fees0
Min. Subscription Certificates10
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% Export Development Bank of Egypt 2 Money Market Fund — 5.11% National Bank of Egypt Fund 4 — 1.46% First Abu Dhabi FAB Money Market Fund – Al Awal — 4.78%Indicative prices and returns — not investment advice.