Objective
The Fund’s objective is to provide informed investors with an enhanced return over local USD bank deposits rates through a risk-weighted and diversified debt portfolio, while offering bi-monthly liquidity and no subscription or redemption fees.
Investment Strategy
The Fund’s strategy is to invest in a diversified portfolio of corporate debt instruments and corporate structured debt, while maintaining adequate liquidity through USD Lebanese bank deposits and USD sovereign debt.
Description
| Nominal Value | $10 |
| Currency | USD |
| Valuation | Daily |
| Subscription & Redemption | Bi – Monthly |
| Minimum Initial Subscription | $50,000 |
| Increment Subscription | $50,000 |
| Investment Manager | Lucid Investment Bank,SAL |
| Auditor | Price Waterhouse Coopers |
| Regulator | Capital Market Authority |
| Custody & Administration | Midclear SAL |
| Subscription & Redemption Fee | None |
PORTFOLIO HOLDINGS
Objective
The fund’s objective is to provide informed investors with an enhanced return over local USD bank deposits rates through a risk-weighted and diversified debt portfolio, while offering bi-monthly liquidity and no subscription or redemption fees.
Description
| Nominal Value | $10 |
| Currency | USD |
| Valuation | Daily |
| Subscription & Redemption | Bi – Monthly |
| Minimum Initial Subscription | $50,000 |
| Increment Subscription | $50,000 |
| Investment Manager | Lucid Investment Bank,SAL |
| Auditor | Price Waterhouse Coopers |
| Regulator | Capital Market Authority |
| Custody & Administration |
Midclear SAL |
| Subscription & Redemption Fee |
None |
PORTFOLIO HOLDINGS
Disclaimer
This report has been prepared by Lucid Investment Bank sal Lebanon for information purpose only. It should be considered as an offer to sell, or a solicitation of an offer to buy. All reasonable care has been taken to ensure that the information contained herein is not untrue or misleading, but no representation is made as to its accuracy or completeness, no reliance should be placed on it and no liability is accepted for any loss arising from reliance on it. From time to time, Lucid Investment Bank may have any interest in any transaction, securities or commodities referred to this report. Also Lucid Investment Bank sal may perform services for, or solicit business from any company referred to in its report. Past performance is not necessarily a guide to future performance, the price of units may go down as well as up and cannot be guaranteed. Investors should read the prospectus before investing.