Banque du Caire Second Fund - Cairo Daily

Banque du Caire Second Liquidity Fund, commonly known as the Banque du Caire Daily Fund, is an open-ended money market investment fund denominated in Egyptian pounds that generates a cumulative daily return. The fund aims to enhance liquidity by investing in a diversified portfolio of short-term financial instruments, including debt instruments issued by the government, banks, and corporations, repurchase agreements (repos), Treasury Bills, bank savings certificates, and units of other money market funds.

The fund is designed for investors seeking to manage their liquidity and generate returns on short-term cash while maintaining a relatively low level of risk, with the ability to subscribe to and redeem fund units on a daily basis in accordance with the fund's terms and conditions. The Investment Manager manages the portfolio by selecting investment instruments with appropriate credit quality while diversifying investments to achieve a balance between return, liquidity, and compliance with regulatory requirements.

The Prospectus sets mandatory investment limits that the Investment Manager must comply with. The fund may hold up to 95% of invested assets in the form of cash, current accounts, or deposits with banks supervised by the Central Bank of Egypt. It may also invest up to 100% of invested assets in Treasury Bills.

The fund may also invest up to 49% of invested assets, in aggregate, in Egyptian Treasury Bonds, corporate bonds, and other medium-term investment instruments. In addition, it may invest up to 20% of invested assets in corporate bonds or sukuk issued by companies with a minimum credit rating of BBB- or its equivalent, while complying with concentration limits on instruments issued by related groups and adhering to the minimum credit rating requirements approved by the Financial Regulatory Authority.

The fund may also invest up to 10% of invested assets in bank savings certificates, provided that the Central Bank of Egypt permits corporate entities to invest in such instruments. In addition, investments in deposits and savings certificates with a single institution, excluding government entities, public business sector companies, and public sector banks, may not exceed 40% of invested assets. The fund may also invest up to 90% of invested assets in repurchase agreements (repos) and up to 40% of invested assets in units of other money market investment funds.

Description as published on the distribution platform.