​Bank Audi Money Market Fund, the latest product managed by EFG Hermes Asset Management, will help investors grow their capital base despite current volatility in the marketplace Investors looking for a safe haven amid the ongoing economic global turmoil can turn to a new mutual fund launched by EFG Hermes, the leading investment bank in the Arab world, in partnership with Bank Audi sae, a member of Audi Saradar Group with operations across the MENA region. The open-ended Bank Audi Money Market Fund will target institutional as well as retail investors looking to preserve and grow their capital in these challenging times by investing in Egyptian fixed-income securities including Treasury bills, Treasury bonds, bank deposits and corporate bonds. “This product is highly suitable for the current economic environment,” says Hashem Montasser, Head of Asset Management at EFG Hermes. “By investing in Egyptian fixed income securities, our investors would remain confident that their funds are being placed into lower risk and liquid fixed-income instruments.” “We are delighted to be launching our first Money Market Fund,” says Bank Audi sae Deputy Treasurer, Amr Gamali. “Investors can invest into the Bank Audi Money Market Fund at any of our branches across the country knowing they are buying a well-managed product that will harness Egypt’s economic growth and stability.” Clients can invest into the Bank Audi Money Market Fund with a minimum investment of 100 certificates at a face value of EGP 10 each. As an open-ended fund, investors can purchase or redeem certificates in the Bank Audi Money Market Fund at any time. While some funds charge fees to join the fund or to redeem certificates (expressed either as a percentage or a flat fee), the Bank Audi Money Market Fund is a no-load fund with no subscription or redemption charges, helping investors maximize their returns.