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    Hemaya Sept-2018

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    osama.seba3y
    Hemaya Sept-2018

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    Hemaya Sept-2018

    Uploaded by

    osama.seba3y
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    Hemaya Sept-2018

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    Hemaya Sept-2018

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3 views2 pages

    Hemaya Sept-2018

    Uploaded by

    osama.seba3y
    Hemaya Sept-2018

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    HEMAYA Fund Monthly Fact Sheet September-2018

    Fund Objective Fund performance


    The fund aims to attract investors in both fixed income and equity instruments Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Sept-18
    while using the fixed income portion as a hedge mechanism to protect against the NAV 102.99 106.84 118.21 131.94 150.06 210.03
    equity portion. This will in terns protect the capital. Return since inception 110.03%
    The fund enables both retail and corporate investors to benefit from the upside YTD Annualized return -25.92%
    potential in the capital markets without being exposed to capital loss by protecting Aug-2018 Simple return -2.16%
    the capital invested.
    Allocation
    Equity Cash
    General Information T-Bonds 6.96% 20.09%
    Asset Manager CI Asset Management 4.46%
    Fund Manager Tamer Saeed – CIAM
    Alternate
    Base Currency EGP
    Key dates
    Fund launch 1 August 2010
    Close of financial year 31 Dec
    Dealing
    08:30 to 12:00 of last 5 business days each
    month T-Bills
    Valuation day Last business day of the month 67.83%

    Important information:
    This is a financial promotion and is not intended as investment advice. The information
    provided within is for use by professional investors and/or distributors and should not be
    relied upon by retail investors. All information prepared within has been prepared by CI Economic Highlight
    Asset Management except where otherwise stated. Any views and opinions are those of
    CIAM at the time of going to print. CIB and CIAM are not responsible for any subsequent
    investment advice given based on the information supplied.
     Inflation jumps to 4.8% in July vs. 4.6% in June
     Remittances increase 21.1% to USD26.5bn in FY 17/18 vs.
    Major Asset Types USD21.9bn in FY 16/17
     Treasury bills  Moody’s upgrades outlook on five Egyptian banks to ‘Positive’,
     Treasury bonds maintains ratings following sovereign outlook upgrade
     Time deposits  Government to collect payments online as of Jan-19
     Repos  World Bank offers USD500mn loan to support Egypt’s cash
     Other mutual funds with 20% max of fund’s NAV subsidy programmes
     Stocks in local equity market up to 25%
     PMI rises to 50.5 in August vs. 50.3 in July amid improving
    business conditions
     Ministry of Finance to announce debt management plan including
    external debt ceiling
     Net foreign reserves rise 0.24% m-o-m to USD44.4bn in August vs.
    USD44.3bn in July
     Government approves EUR395mn financing from European Bank
     Foreign holdings of Egypt debt reach USD15.01bn in July
     Ministry of Finance: IMF Mission to visit Egypt in October to set
    date for fifth tranche review
     CBE sets new regulations on lending to consumer finance
    companies
     Egypt to transfer seized Muslim Brotherhood funds to state
    treasury
     Ministry of Finance to launch new national electronic payments
    system
     President El-Sisi instructs officials to amend real estate tax law or
    issue new legislation that enables more thorough collection of
    revenue
     Egypt to sell cUSD5bn in foreign currency bonds in coming months
     Egypt to receive last African Development Bank loan tranche
    worth USD500mn
     Egypt cancels auction of 5, 10-year treasury bonds for fourth time
     Egypt plans to settle local debt transactions with Euroclear
     CBE maintains overnight deposit, lending rates at 16.75%, 17.75%,
    respectively
     Egypt keeps customs exchange rate at EGP16.0/USD
     Egypt to announce sovereign wealth fund structure by mid-
    October
     Egypt plans to approach JP Morgan for inclusion in EM bond index

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