Money market fund
- Fund Manager: EFG Hermes
- Start Update: 6/2010
- IC Face Value: EGP 10
- IC Price Update: EGP 18.33850 end of 08 Oct. 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 (TDs), and corporate bonds.
Dividends: Any amount above the face value could be distributed to the IC’s holders in the form of free ICs on December 31st every year.