ABC First Equity Fund
| Date: | 2010-02-04 |
| IC' Price: | EGP 91.62 |
Issuer: |
ABC Bank, Egypt |
Manager: |
Delta Rasmala Asset Management |
Description: |
Open ended growth equity fund. |
Fund Aim: |
Investing in a diversified portfolio to achieve high returns within acceptable levels of risk |
Size at inception |
EGP 50-250 Million |
| Subscription Starting Date | 27-07-2008 |
| Subscription Ending Date | Minimum 07-08-2008 and Maximum 25-09-2008 |
| Par Value | EGP 100 |
| Minimum Primary Subscription | 5 Investment Certificates |
| Financial Year End | 31 December |
Subscription and Redemption |
Weekly, on the first working day of each week. |
| Subscription and Redemption Fee | No fees |
Subscription and Redemption Guidelines |
Investors can subscribe during the working hours of the last working day of every week, noting that the payment would be calculated based on the price of the certificate announced over the weekend. |
Contacts and Further Information |
Tel: 202 33000308 |
In order to assure risk control, the following investment constrains are applied
- The fund can not invest more than 10% of the NAV of the Fund in one stock, and can not own more than 15% of
the issued stocks of one company after performing all the analysis and studies needed. - The fund shall not invest more than 20% of the NAV in certificates of other funds.
- The fund is not allowed to own or invest in any legal entity whose partners responsibilities are not defined.
- The fund shall not invest in correlated group of stocks with more than 20% of the NAV of the fund.
- The fund shall not invest more than 20% of the NAV of the fund in stocks traded in foreign currencies.
- The fund shall not invest more than 95% of the NAV of the fund in equity market in general.