CAE Mutual Fund Number 3

The Best Vehicle to Invest

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).

Crédit Agricole Egypt Mutual Fund Number 3 – Performance Snapshot

As of closing: 17 April 2024
Net Asset Value (NAV) – IC Price:	EGP 1,059.18
2023 – Performance	16.84 %
Year to Date Return (%):	+20.06 %
Year to Date Annualized Return (%):	12.61 %
Since Inception Return (%):	421.10 %
Since Inception Annualized Return (%):	9.55 %
Dividend Distribution Since Inception (EGP):	1,601.81
Inception Date:	June 1999
PAR Value / Issuance Price:	EGP 1000
* Updated daily (during working days) NOTE: Rates are updated periodically for indicative purposes only and not obligatory on the bank. For the latest rates, please contact Crédit Agricole Egypt customer service or visit your nearest branch.

Fund Objective

The overall objective of Crédit Agricole Egypt’s Mutual Fund Number 3 are:

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

Benefits & Features

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 [Cannot be used for other bank services]
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%

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 26 local and offshore funds, with total assets of approximately USD 4.3 billion, as of September 30th, 2009.

Fees

Subscription Fee

No subscription fee. Clients may subscribe during bank working days between 8:30 A.M. and 12:00 noon. Any client orders placed after 12:00 noon. 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 12:00 noon. Any client orders placed after 12:00 noon. will be executed the following business day.

For the Mutual Fund 3 Prospectus click here