US Dollar Money Market Fund is a type of mutual fund in Saudi Arabia that invests in short-term, low-risk debt securities denominated in US dollars. These funds are designed to provide investors with a low-risk investment option that offers a higher return than a traditional savings account or money market account.
Although profits are not guaranteed, investors may normally anticipate earning a return that is slightly greater than the prevailing interest rates on savings or money market accounts. Furthermore, these funds often provide daily liquidity, which means that investors can buy and sell shares on any business day and obtain the fund's current net asset value (NAV).
This open-ended fund comes with low risk indicating that investors with a low-risk appetite can also begin their investment journey with this fund. Not only this but by investing in this fund, they get access to professional services.
US Dollar Money Market Fund is known for providing outstanding yields on investments made by traders. Nevertheless, it is the responsibility of the investors to analyze the fund in detail before investing in it.
US Dollar Money Market Fund is a low-risk fund. This implies the fund is managed by experienced professionals who utilize a conservative investment approach to achieve desirable returns.
The minimum amount required for investing in the US Dollar Money Market Fund is USD 1000. This amount helps people to analyze their expenses before making investment decisions.
The annual management fee of the US Dollar Money Market Fund is 0.50%. By paying this percentage, investors get access to professional services.
US Dollar Money Market Fund is an open-ended fund which implies the fund units can be redeemed on any business day.
US Dollar Money Market Fund is handled by Saudi Fransi Capital. The company aims to meet the investment requirements of customers in the region.
The primary goal of the US Dollar Money Market Fund is to offer liquidity and capital preservation in the short run.
The expense ratio of the US Dollar Money Market Fund is 0.48%. This is the annual charge demanded from investors.