The “Menthum USD Fixed Income Fund” was introduced by Menthum, the digital savings platform based in Egypt, in collaboration with CI Capital Asset Management.
The new fund provides both people and businesses with a safe place to save money, a competitive return in US dollars, and ample liquidity.
By emphasizing high-quality, low-risk fixed-income instruments, such as USD treasury bills and Eurobonds issued by the Egyptian government, it seeks to promote a saving and investing culture in Egypt.
The fund is an excellent option for investors wishing to manage their USD liquidity and protect and increase their foreign currency wealth because it is governed by the Financial Regulatory Authority (FRA) in Egypt and it is consistent with it’s mission to offer secure and intelligent saving options.
The Menthum USD Fixed Income Fund offers daily liquidity that enables the purchase or redemption of investment units at any moment, along with unique features designed to satisfy the demands of investors.
The fund is distinguished by its exceptional flexibility, unencumbered by long buy and redemption procedures or fixed terms.
It is a crucial part of the “Menthum USD Account,” offering a special experience that goes above and beyond what is offered by conventional savings accounts.
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Because the fund is completely transparent, users of the Menthum app may always monitor their overall savings, daily profits, and transaction history.
Himanshu Shrimali, co-founder and Managing Director of Menthum , commented on the launch: “At Menthum, our mission is to create innovative financial solutions that meet the evolving needs of individuals in Egypt.The launch of the ‘Menthum USD Account,’ supported by the Menthum USD Fixed Income Fund, marks a significant milestone in our quest to empower Egyptians by providing financial products that make their money work more effectively.We take this opportunity to express our gratitude to the Financial Regulatory Authority (FRA) for its practical guidance and supportive approach, which encourages innovation and progressive governance.
The Menthum USD Fixed Income Fund was introduced at a moment when Egypt’s need for creative ways to save and invest is rising. It may only be obtained via the user-friendly smartphone app from Company.
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This app allows users to conveniently manage their money and transparently track their returns, setting new benchmarks for the Egyptian financial services sector.
Dr. Amr AboulEnein, CEO and Managing Director of CI Capital Asset Management, said: “CI Capital Asset Management is pleased to be the investment partner and fund manager, serving investors seeking attractive returns through a diversified fund investing in safe assets. The fund offers a seamless investment process aligned with modern mechanisms and high liquidity for managing USD cash surpluses.”
The fund’s subscription period will open. Through the Menthum mobile app, which is compatible with both iOS and Android, customers may simply access it.
About Menthum
Menthum is an Egyptian FinTech. currently creating a simple, safe digital saving solution using a purpose-built mutual fund, developing payment rails, and novel workflow.
Team Menthum specializes in consumer banking, money transfer, and investment management.
About CI Capital Asset Management
CI Capital, a prominent diversified financial services firm, provides non-bank financial solutions to a wide range of clientele.
