MIDBank Mutual Fund 2 Money Market fund

MID Bank First Fund is an open-ended investment fund with cumulative returns and periodic distributions. It is one of the oldest investment funds in Egypt, having been established in 1998. The fund aims to achieve capital growth while providing periodic income to investors through a diversified portfolio that includes equities, fixed-income instruments, and cash-based investments.

The fund’s investment policy provides flexibility in asset allocation according to the investment manager’s outlook and market conditions. Investments in equities, subscription rights, and depositary receipts may range between 30% and 95% of the fund’s net assets, while investments in fixed-income instruments and short-term cash instruments must collectively represent no less than 5% of the fund’s assets.

The fund is also required to maintain between 5% and 50% of its net assets in cash and highly liquid financial instruments that can be readily converted into cash, helping meet redemption requests and providing adequate flexibility in managing the investment portfolio.

Description as published on the distribution platform.