Home Feature Misr Life Ins., Misr Capital launch an EGP 100 mn money market fund

Misr Life Ins., Misr Capital launch an EGP 100 mn money market fund

by Amwal Al Ghad English

Misr Capital Investments, the investment arm of Banque Misr, and the state-run Misr Life Insurance Company have launched a 100 million Egyptian pounds money market fund.

The new fund will invest in liquid assets such as treasury bills and short-term corporate debt

Subscription to the fund, dubbed “Misr Life Ins. Investment Fund,” will be through Misr Capital and Misr Capital Fixed Income Brokerage.

Misr Capital launched a similar type of fund in partnership with Sarwa Life Insurance earlier this year.

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