An Ideal Way to Invest
Crédit Agricole Egypt’s Mutual Fund Number 1 is an ideal way to invest in the Egyptian stock market to achieve your medium to long-term investment objectives.
The overall objectives of Crédit Agricole Egypt’ s Mutual Fund Number 1 are:
The fund manager can invest in:
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 26 local and offshore funds, with total assets of approximately USD 4.3 billion, as of September 30th, 2009.
Buying the ICs is free, and clients may submit their orders on any day. However, the execution of client orders takes place once a week on Sunday.
A redemption fee of 1% of the market value of the ICs redeemed is charged. Again, clients may submit their sell orders on any day. However, the execution of client orders, takes place once a week on Sunday.