Mutual Funds

Money market fund
  • Fund Manager: EFG - HERMES
  • Start update: 6/2010
  • IC Face Value: 10 EGP
  • IC Price Update:EGP 16.91601
  • 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.