Juman Money

Market Fund

Arab African International Bank - Juman Money Market Fund

Juman

Juman is a daily-compounded income Money Market Fund (denominated in Egyptian Pounds). It is a secure liquid investment and a savings vehicle, that invests in a range of short-term Egyptian money market instruments; which include government and corporate bonds, treasury bills & bank deposits.

Juman can only invest in money market instruments with a maturity of less than 13 months and its average duration may not exceed 5 months.

 

Fund Benefits:

  • Capital preservation with minimal volatility
  • Higher interest rate than deposits: Compelling alternative to current and savings accounts; as it combines the flexibility of current accounts with the advantages of savings accounts
  • Ideal vehicle to "park" money for a short term
  • A high liquidity investment product with access to the fund shares on a daily basis
  • Reduced risk by investing in liquid and short term money market instruments
  • Higher returns over time from the compounded effect of the daily interest earned
  • Allows for daily subscription/redemption at no cost

 

Fund Features:

  • Subscription and redemption are held at all AAIB branches
  • Daily subscription and redemption until 1:00 pm
  • Minimum initial investment of 100 certificates
  • NAV is published every Sunday in Al Masry Al Youm Newspaper

 

For more information call
19555 (24 h / 7 days) or +202 26733107

 

 

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