Afaaq Fixed Income Fund

Afaaq Fixed Income Fund is an open-ended investment fund denominated in Egyptian pounds that aims to achieve capital growth and maximize returns on invested capital while maintaining an appropriate level of risk and liquidity. This is achieved by allocating assets to Egyptian Treasury bills and government bonds, as well as government-issued or government-guaranteed securities, which may represent up to 95% of total assets. The fund may also invest in bank deposits, savings certificates, and investment certificates up to 80% of its assets.

The fund may allocate up to 65% of its assets to corporate bonds and securitization bonds, subject to concentration limits on any single issuance. In addition, it may invest in money market funds and fixed income funds up to 20% of total assets, and in tradable Sukuk up to 5%.

Afaaq Fund allows investors to subscribe to and redeem fund units on a daily basis, providing a high degree of flexibility and liquidity compared to many other investment alternatives. The fund does not charge any subscription or redemption fees. It is considered suitable for investors seeking exposure primarily to fixed income instruments, Treasury bills, and government bonds, while maintaining access to their funds when needed without being tied to a specific investment term.

What is the minimum investment in Afaaq Fund?

The minimum initial subscription amount is EGP 10,000. After the first investment, additional investments can be made with no minimum amount requirement.

Description as published on the distribution platform.