Youmy Fund

Youmy Fund

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.

Youmy is a money market mutual fund, launched in May 2014, aiming to create a vehicle that offers an accumulated daily income and liquidity for both individuals and corporate investors.

Diversified Portfolio:
The fund invests in a variety of local/foreign short-term fixed income securities – 0% equity. The fund invests in TDs and Treasury Bills.

Investment Guidelines:

Asset Allocation

Asset %

A maximum of 100 % to be invested in T-bills

A maximum of 90 % to be invested in repurchase agreements

A maximum of 95 % to be invested in current accounts and bank deposits

A maximum of 40 % to be invested in T-bonds

A maximum of 40 % to be invested in corporate bonds

A maximum of 10 % to be invested in bank CDs

A maximum of 40 % to be invested in bank deposits and CDs combined from a single issuer

A maximum of 20 % to be invested in money market funds not exceeding 5 % of fund size

A maximum instrument duration of 13 months

A maximum of 10 % to be invested in securities of a single issuer with a maximum of 15 % of fund the issuer’s total securities

A maximum instrument duration of 13 months

A maximum portfolio duration of 150 days

A maximum of 10 % to be invested in a single issue with the exception of government issues

Rewarding Returns:
Fund with an initial size of EGP 100M, providing daily accumulated return across short and medium term investments.

Daily Liquidity:
Open-ended fund granting immediate access to the fund shares on a daily basis through more than 28 SAIB branches, with daily subscription and redemption free of charge.

Investment Advantages:

Investor can monitor daily performance of the previous day through Eima and SAIB 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.

*Daily Subscriptions until 12:00 pm.