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"1. Fund's assets will be only assets that can be bought and held in a money market fund. 2. Average duration of all the assets held by a money market fund shall not exceed at any time 90 days. 3. Securities held by the Fund will be only NIS denominated securities. 4. Fixed term deposits and cash in the fund will be only in NIS. 5. There will be no exposure to shares in the fund. 6. Fund shall not be exposed to foreign currency. 7. Fund Manager shall not purchase or create for the Fund options and futures transactions and will perform for the fund short sale and repurchase transactions. 8. Fund shall not be exposed to non-investment grade rated bonds. 9. Fund manager may invest the fund means according to his absolute discretion and is well qualified to determine the amount of cash that will be included in fund's assets of from time to time. "
Name | Title | Since | Until |
---|---|---|---|
Not Disclosed | - | 2019 | Now |
Yaron Shemesh | - | 2014 | 2019 |
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