Cairo – Mubasher: Menthum, Egypt's digital savings platform, and CI Capital Asset Management launched Menthum USD Fixed Income Fund, a novel US Dollar fixed income fund.

This mutual fund is developed to provide both individuals and businesses with a secure, high-yield and liquid savings opportunity in U.S. dollars, according to a press release.

The Menthum USD Fixed Income Fund aims to deliver stable returns by investing in low-risk, high-quality fixed-income securities, elevating the savings and investment landscape in Egypt.

Fully regulated under the Financial Regulatory Authority of Egypt (FRA), this fund builds on Menthum’s objectives to grow its wealth and manage cash in foreign currency.

The Menthum USD Fixed Income Fund offers a range of new features created to meet the needs of modern investors.

Himanshu Shrimali, Co-Founder and CEO of Menthum, commented: “The launch of the “Menthum USD Savings Account”, powered by the Menthum USD Fixed Income Fund, represents a significant milestone in our quest to empower Egyptians by providing financial products that make their money work harder, thereby improving their financial well-being.”

Ismail Sarhank, Co-Founder and COO of Menthum, added: “Our partnership with CI Capital Asset Management, a renowned investment manager, aligns perfectly with our vision to expand financial inclusion and offer accessible, transparent, and efficient saving and investment solutions.”

“This product is a direct response to the needs expressed by our clients, who require a reliable US Dollar savings vehicle for varied purposes such as saving for international education fees, proceeds from exports or startup funding etc.,” Sarhank added.

Tarek Shahin, Chief Investment Officer of CI Capital Asset Management, said: “The fund aims to diversify and target optimal duration across the yield curve to achieve the highest possible return while ensuring liquidity to align with the customers’ needs for seamless purchase and redemption.”