Granite Fixed Income Fund EGP

Granite Short-Term Money Market Fund is an open-ended investment fund specialized in short-term money market instruments, managed by Granite Asset Management. The fund aims to generate high daily cumulative returns while maintaining a very low level of risk by investing predominantly in short-term Egyptian Treasury bills.

The fund represents a clear example of a Cash Management Fund, as it is not designed for capital growth or speculative investing. Instead, it focuses on efficient liquidity management and generating consistent daily returns, making it a practical alternative to current accounts and short-term bank deposits.

The fund’s investment strategy is highly focused and straightforward, with assets allocated almost entirely to Egyptian Treasury bills (T-Bills) across various maturities (91, 182, 273, and 365 days). This significantly reduces credit risk due to the reliance on government-issued debt instruments and provides a high level of performance stability.

The fund also offers very high liquidity, allowing investors to subscribe and redeem on a daily basis, with continuous access to their funds and no long-term lock-up constraints. This makes it particularly suitable for cash management within both individual and institutional investment portfolios.

The fund provides a high degree of operational flexibility, as subscription requests are accepted daily and executed based on the Net Asset Value (NAV), provided orders are submitted before the 2:00 PM cut-off time. The same process applies to redemptions, which are also processed daily at the NAV of the execution day. This structure offers exceptional liquidity and positions the fund among the most flexible investment instruments in the Egyptian market.

Description as published on the distribution platform.