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

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.