Egypt Menthum launches USD fixed income fund in partnership with CI Capital

The fund invests in high-quality, low-risk securities – including Eurobonds and USD-denominated T-Bills issued by the Egyptian government – delivering stable returns.

The fund is fully regulated by Egypt's Financial Regulatory Authority (FRA), aiming to provide smart and secure savings solutions.

It aims to be an optimal choice for those looking to preserve and grow their foreign currency wealth while managing foreign cash.

The new fund offers daily liquidity, allowing customers to purchase and redeem fund certificates at any time.

This level of flexibility and convenience is not typically found in traditional savings methods that may involve lock-in periods or lengthy processes.

Customers can also track their total savings, daily gains, and transaction history through the Menthum app.

"Our mission at Menthum is to create innovative financial solutions that cater to the evolving needs of Egyptians," said Himanshu Shrimali, Co-Founder and CEO of Menthum.

Tarek Shahin, Chief Investment Officer of CI Capital Asset Management, said “The fund seeks to diversify and target optimal duration across the yield curve to maximize returns while ensuring liquidity for seamless transactions.”

The Menthum USD Fixed Income Fund will be exclusively available through the Menthum mobile application, with subscriptions opening on August 26.

The US dollar remains a key safe haven for Egyptians looking to hedge against foreign exchange rate fluctuations.

Egypt has faced a foreign currency shortage, partially alleviated by the EGP’s devaluation in March and the expansion of the IMF loan from $3 billion to $8 billion in the same month.