AR | Currency | |
|---|---|
| Type | Conventional |
| Investment Manager | |
| Issuer | |
| Outlook | |
| Redemption Frequency | Daily |
| Risk Type | |
| Subscription Frequency | |
| Minimum Subscription | 50 certificates |
| Subscription Fees | 0 |
| Redemption Fees | 0 |
First Abu Dhabi FAB Money Market Fund – Al Awal
300.78EGP
FAB 1 Fund invests in fixed income; mainly treasury bills and bonds, time deposits and other funds
Past Performance
Year to Date
10.00%
1 Year
13.61%
5 Years
73.63%
Since Inception
200.78%
Inception Date
23-May-13
Last Price Date
17-Sep-23
Investment Strategy
FAB (Al Awal) Daily Cumulative Return Fund for Liquidity. 25-100% T Bills. Upto 90% Time Deposits. Upto 49% T-Bonds. Upto 20% Bonds and certificates of other funds. Min 5% by issuer
Fund Objective
Fund aims to provide an investment vehicle with daily liquidity that achieves daily cumulative interest on invested capital. The fund manager will invest in short term investments as governmental, corporate and bank debt instruments in addition to bank deposits, sukuk, repurchase agreements and other money market funds.
