Table of Contents
What is GIG Money Market Fund (PGM)?
GIG Money Market Fund (PGM) is a low-risk mixed money market and fixed income fund focusing on short-term instruments such as T-bills & securitized bonds.
The fund offers the flexibility of daily subscription (buying) and redemption (selling)
What does GIG Money Market Fund (PGM) invest in?
The fund invests in a diversified portfolio of fixed-income securities, which include:
Treasury Bills (Up to 100% of the fund’s portfolio)
Certificates of Disposit & Sukuk (Up to 80% of the fund’s portfolio)
Other fixed-income instruments
You can find detailed information on the investment limits in the fund prospectus here.
Why should I invest in GIG Money Market Fund (PGM)?
The fund offers a daily investemnt option with liquidity upon redemption and low risk investment and the investment manager can adjust between fixed income instruments based on market conditions to achieve the best returns.
Who manages GIG Money Market Fund (PGM)?
The fund is managed by Post for Investment (PFI) the investment arm of Egypt Post. Established in September 2023 Backed by a diversified portfolio of EGP 6 billion.
How do I collect my GIG Money Market Fund (PGM) earnings?
The live certificate price of PGM reflects the profit or return achieved by the fund’s investments. To collect your earnings, simply sell your PGM certificates through the Thndr app.
Is GIG Money Market Fund (PGM) Sharia compliant?
PGM is not marketed as Sharia compliant.
Buying & Selling
Orders placed before 10:00 AM are executed on the same day.
Orders placed after 10:00 AM are executed on the same day.
Steps to place your order:
Open the Thndr app.
Search for GIG Money Market Fund (PGM) or find it under the mutual funds section.
Tap on “GIG Money Market Fund (PGM).”
Tap on “Buy.”
Enter the amount of certificates or money you want to invest. There is a minimum of 2 certificates per order.
Fees
There are no fund management fees; however, standard Thndr fees apply
What are the risk factors of investing in funds?
Risk factors associated with this fund include:
Interest rate risk
Credit risk
Liquidity risk
The fund manager minimizes these risks through diversification For more details on the risk management framework, please review the fund prospectus here.
