Today, benefit from the expertise of a professionally managed portfolio of the local money market through a fund that offers accumulated daily income for investors seeking liquidity across short or medium terms.
Osoul is a money market mutual fund, launched in April 2005 that invests locally in a variety of securities, aiming to create a vehicle that offers an accumulated daily income and liquidity for both individuals and corporate investors.
The fund invests in a variety of local/foreign short-term fixed income securities – 0% equity. The fund invests in TDs, Treasury Bills, Treasury Bonds, and Corporate Bonds.
|Asset Allocation ||Asset %|
|Cash & CD's||Max. of 75%|
|Treasury Bills||Max. of 100%|
|Treasury Bonds||Max. of 50%|
|Corporate Bonds||Max. of 40%|
|Investment Certificates in similar Funds||Max. of 10%|
Fund with an initial size of EGP 500M, providing daily accumulated return across short and medium term investments.
Open-ended fund granting immediate access to the fund shares on a daily basis through more than 150 CIB branches, with daily subscription and redemption free of charge.
Investor can monitor daily performance of the previous day through CIB website.
Investors can monitor their investment performances through posts on the weekly business pages of the newspaper.
Corporate investors are granted funds free of tax in order to reap higher returns.
Osoul can be used as collateral against CIB lending facilities.
*Subscriptions are closed
until further notice