AR | Currency | |
|---|---|
| Type | Conventional |
| Investment Manager | |
| Issuer | |
| Outlook | |
| Risk Type | |
| Redemption Frequency | Daily |
| Subscription Frequency | |
| Subscription Fees | 0 |
| Redemption Fees | 0 |
| Min. Subscription Certificates | 10 |
Wethaq Money Market Fund
16.55EGP
Al Wethaq Money Market Fund invests in fixed income; mainly treasury bills and short term time deposits.
Past Performance
Year to Date
23.60%
1 Year
24.40%
5 Years
N/A
Since Inception
65.50%
Inception Date
09-Dec-21
Last Price Date
22-Dec-24
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.
