Crédit Agricole Egypt' s Mutual Fund Number 3 is the best vehicle to invest in Egyptian local government securities, the corporate debt market, and the local money market to achieve your short term investment objectives (1 year or less).

Fund Objective

The overall objective of Crédit Agricole Egypt's Mutual Fund Number 3 is:

• Achieve annual returns that exceed banks average annual Time Deposit rates with very low investment risk degree.

• Daily income money market fund.
• No subscription or issuance fee or redemption fee [free of any fee]. Potential for higher returns compared to short-term bank deposits. In addition to daily interest, investment appreciation is distributed at the end of each year. Minimum subscription is 10 ICs. Minimum balance of IC’s to be kept at any point of time is 10 ICs. Reduced investment risk with no exposure to equities. NAV may fluctuate, however, with changes in the interest rate environment. Instant liquidity through daily subscription and redemption. High flexibility with funds invested for any number of days at your choice and daily redemptions without prior notice to the bank. An account with Crédit Agricole Egypt is required for Mutual Fund purpose [Can not be used for other bank services] . Free custody for ICs purchased (optional service).
• Professional management by Hermes Fund Management Group.

Investment Policy

The fund manager can invest in:

• Egyptian government treasury bills and bonds up to 60% of the fund's assets. Corporate and financial institution bonds up to 25%.
• Short-term near-cash instruments up to 50%.

Check the latest Crédit Agricole Egypt Mutual Fund Number 3 performance snapshot

Fund Manager

Hermes Fund Management Group (HFM) is a fully owned subsidiary of EFG-Hermes Group. The group was formed in 1996 after the merger between Egyptian Financial Group and Hermes. EFG-Hermes SAE was floated on the Egyptian Stock Exchange and the London Stock Exchange in 1998. The Asset Management unit manages 19 local and offshore funds, with total assets of approximately USD6.5 billion, as of December 31st 2007.

Fees
Subscription Fee
No subscription fee. Clients may subscribe during bank working days between 8:30 A.M. and 10:30 A.M. Any client orders placed after 10:30 A.M. will be executed on the following business day.

Redemption Fee
No redemption fee. Again, clients can redeem ICs during every bank working day between 8:30 A.M. and 10:30 A.M. Any client orders placed after 10:30 A.M. will be executed the following business day.

Free Bookkeeping and Custody
Crédit Agricole Egypt provides free bookkeeping and custody services for ICs issued. This service is optional.

How to Apply

Visit any Crédit Agricole Egypt branch located throughout Egypt.

For more information

Call or visit your nearest Crédit Agricole Egypt branch.

Disclaimers

Crédit Agricole Egypt reserves the right to change any information or requirements mentioned above without prior notice. In the purchase of mutual fund ICs, the client declares that he or she has reviewed and accepted the terms and conditions indicated in the fund' s prospectus and accepts all risks associated with the investment. He or she declares that an independent decision has been made to invest in the fund.