At Thndr we believe that everyone should have access to financial services and products that can make your money work for you. All taking you a bit closer to the ultimate goal of financial freedom*.
We’ve partnered up with the fully licensed Azimut Egypt, the local investment arm of Azimut Group, one of Europe’s leading independent asset managers to bring you the new Egypt-focused fixed income mutual fund AZ-Savings.
AZ Savings is an open-ended private placement fund investing mostly in near-term fixed income instruments. It is considered a low-risk, liquid investment instrument. You can invest in the fund daily and redeem weekly—no more liquidity worries.
AZ Savings fund invests in low risk instruments like treasury bills, treasury bonds, corporate bonds and sukuk.
“AZ Savings fund had an impressive start raising more than EGP 650 M in a few weeks which reflects how the market is in deep need for such a product. At Azimut, we are big believers in technology and that’s why we are so happy with our partnership with Thndr and we are confident in our ability together to make this fund accessible to all types of Investors.” Ahmed Abou El-Saad, MBA,CFA the Managing Director of Azimut Egypt
Everyone who invests in the fund owns certificates issued by this fund. These certificates give everyone the same mix of investments in the same proportion. As the value of the fund as a whole rises or falls, each person’s certificate value will go up and down with it.
You can invest in the fund and own more certificates daily and you can redeem these certificates every week, every Monday to be specific at their new price.
Note: Redemption requests are received everyday, but executed on Mondays with proceed being sent the following Tuesday
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What are the risks?
AZ Savings can be exposed to various types of risk like interest rate risk, credit risk for corporate bonds as well as liquidity risk . The fund manager typically manages these types of risk by diversifying the investments of the fund across different asset classes and maturity ladders that matches the liquidity and nature of money inside the fund. The fund manager also sets a max exposure to a single issuer and related parties.
More About Azimut:
Azimut Egypt is one of the largest asset management companies in Egypt. With over 20 years of experience and whose Assets under Management exceed EGP 8.5 billion. They are the local investment arm of Azimut Group which operates in 18 countries around the Globe. Azimut Group manages around USD 70 billion in different asset classes.
AZ-Savings is an open-ended private placement fund, established by Azimut Egypt, with the approval of the Financial Regulatory Authority. Here is a link to the prospectus.
Azimut Egypt is the local investment arm of Azimut Group which operates in 18 countries around the Globe. Azimut Group manages around USD 70 billion in different asset classes.