BLOM Money Market Fund is an open-ended fund that provides practical access to the Lebanese money market with daily liquidity
12 December 2018
| Type |
NAV |
Since Inception (%) |
YTD (%) |
Month (%) |
| USD |
1.305089 |
30.51 |
03.96 |
0.37 |
| EUR |
1.134379 |
13.44 |
02.36 |
0.22
|
The Fund
- Two-class (USD & EUR) open-ended mutual fund managed by BLOM Asset Management Company s.a.l
- Established under the laws of the Republic of Lebanon and regulated by the Capital Market Authority
- Launch Date: USD 20.09.2010 - EUR 16.06.2014
- Base Currency: U.S. Dollar
- Asset Allocation:Money market instruments and securities, cash and time deposits
- Net Asset Value: Daily
- Subscription/Redemption: Daily
- Minimum investment: USD/EUR 5,000 (increments of USD/EUR 1,000)
- The EUR hedged share class aims to provide investors with a return correlated to the base currency (USD) performance of the fund
Investment Guidelines
- All investments must have a remaining time to maturity of 365 days or less
- Invests mainly in USD-denominated money market securities and time deposit accounts of Lebanese issuers
- The Fund may invest up to 15% in money market instruments denominated in currencies other than USD