Money market fund
- Fund Manager: EFG - HERMES
- Start update: 6/2010
- IC Face Value: 10 EGP
- IC Price Update:18.04843 - end of Sep. 10,2024
- Subscription: Daily without any fees
- Redemption: Daily without any fees
- Return: Yearly (accumulated)
- Investment Policy: Assets are allocated to short-term investments that can be easily liquidated to minimize risks such as treasury bills, time deposits & corporate bonds
- Dividends: Any amount above the face value could be distributed to the IC’s holders in the form of free IC’s on 31/12 every year.