The fund was launched on 03 May 1997 with an inception price of GBP 10.The fund is targeted to clients with low risk/return profile . The fund’s assets may be invested in money market and bond instruments such as certificates of deposits, floating rate notes government bonds, commercial paper and other short term fixed income securities.
To provide money market returns not usually available to individual investors, protection to capital by investing in high quality low risk assets and enabling investors to access their investment, if required, at short notice.
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
UK Pounds |
|
Minimum Initial Subscription |
GBP 1,500 |
|
Minimum Additional Subscription |
GBP 750 |
|
Regular Monthly Subscription |
GBP 200 |
|
Valuation |
Daily (Except Thu & Fri) |
|
Cut Off time |
12 noon Riyadh Time |
|
Redemption Payout |
2 days after valuation day |
|
Unit price at inception |
GBP 10 |
|
Launch Date |
03 May 19 |
