ValU , MENA’s leading lifestyle-enabling fintech platform, and Azimut, the leading multinational asset manager, announced recently that they have partnered to launch the AZ valU Fund, a money market fund providing people with a flexible and convenient investment solution featuring the market’s most competitive daily yields.
The fund compounds interest daily, giving clients access to daily redemptions without locking capital up in long-term, fixed instruments.
Ahmed Abou El Saad, managing director of Azimut Egypt, said the fund allows documents to be purchased and recovered daily without fines or fees.
He pointed out that the partnership provides a credit limit for clients of the fund's investors in valU up to 90% of the volume of its investments in the fund.
Walid Hassouna, CEO of valU commented on the partnership, stating that “It gives us great pleasure to be offering the market this unique opportunity through Azimut, giving clients access to an investment product that grows their wealth and gives them the freedom to redeem returns.
