Egypt's Misr Capital launches fund to invest in debt instruments, with initial size of EGP 100m

Published 02 Sep,2021 via Daily News Egypt - Misr Capital, the investment arm of Banque Misr, on Wednesday announced opening of the subscription for its new fund for investment in debt instruments, with an initial volume of EGP 100m. The subscription was opened through Banque Misr, Misr Capital, and Misr Capital Fixed Income Brokerage exclusively.

Akef El-Maghraby, Vice Chairperson of Banque Misr and Chairperson of Misr Capital, said that launching the fund comes within the bank and the company’s philosophy of providing innovative investment solutions to individual investors, providing Ways to invest in the Egyptian debt market with an investment amount suitable for many segments of retail banking.

He explained that the fund allows investing in low-risk investment channels such as medium and long-term debt instruments, bank deposits in addition to Egyptian treasury bills. The fund provides investors with a distinctive cumulative return in Egyptian pounds and monthly distributions, and also provides the possibility of subscription, daily purchase and monthly redemption for bank and corporate clients.