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Frequently Asked Questions

can vary depending on the type of mutual fund you invest in, your investment goals, and the market conditions. Here are some key risks associated with mutual funds:
  • Market Risk
  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Concentration Risk
  • Reinvestment Risk
It's important to understand the specific risks associated with the type of mutual fund you are considering and to align your investment choices with your risk tolerance, investment objectives, and time horizon.  

Returns represent the total net profits or losses (in some types of mutual funds) achieved against the invested amount during a specific period. To view the returns for the mutual funds offered by the bank

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of capital market instruments, including equities listed on the stock exchange, treasury bills, treasury bonds, or other securities. Each investor in a mutual fund owns shares of the fund, representing a portion of the overall holdings. These shares are referred to as Investment Certificates, symbolizing the investor’s ownership in the mutual funds. The primary objective of mutual funds is to provide investors with access to a diversified portfolio managed by professional fund managers, reducing risk compared to investing in individual securities. Investors benefit from the collective buying power, professional management, and diversification of the fund, which can be difficult to achieve on their own.

Mutual funds come in various types, each designed to meet different investment objectives and risk profiles. The main types of mutual funds include:
  • Equity Funds (Stock Market)
  • Fixed Income Funds (Medium/Long term Debt Funds)
  • Money Market Funds (Short term Debt Funds)
  • Balanced Funds (Hybrid Funds)
  • Precious Metals Funds (Gold/Silver Funds)
 

EFG Hermes Asset Management is the fund manager for Credit Agricole I, Credit Agricole II equity funds and Credit Agricole III money market fund. With over 25 years of experience in the Egyptian market, the fund manager makes investment decisions on behalf of the investors based on through research and close monitoring of market conditions. EFG Hermes Asset Management is responsible for the performance of the funds under its management, as they handle the investment part of the fund.
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Crédit Agricole Egypt launches ‘Thank You’ initiative and exempts medics from banking fees

Cairo, April 13th, 2020 – Crédit Agricole Egypt has announced the launch of a new initiative, titled “Shokran” (Thank You), for supporting all working in the health sector, within the framework of supporting the efforts of the Central Bank of Egypt and the government to fight coronavirus and the consequent economic impact, and in implementation of the bank’s strategy aiming to achieve sustainability by acting every day in the interest of its clients and community.

Under the initiative “Shokran”, the bank exempted medics from administrative fees on loans, credit cards and accounts. It also gives them priority service inside branches to save their time.

Mr. Pierre Finas, Managing Director of Crédit Agricole Egypt, said: “We are currently facing unprecedented challenges due to the coronavirus pandemic that has been wreaking havoc across the world. However, our actual solidarity and commitment towards our customers and community are reinforced by such circumstances. Thus, in full coordination with Credit Agricole group, we were quick to take all precautionary measures to ensure the health and safety of the bank employees, external providers and customers. Our main objective is to pursue our services in in favor of our all clients either individual or corporate, offering them the right financial advice and solutions, and implementing the Central Bank directions, so that we all could overcome this rapidly developing critical period and support of the Egyptian economy.

Mr. Walie Lotfy, Deputy Managing Director, stated: “Crédit Agricole Egypt fully recognizes the major role played by all workers in the medical sector, as well as the hefty burden on them. Therefore, we have launched the ‘Thank You’ initiative as a practical expression of our appreciation for them and their vital role as a first defense line in confronting coronavirus. Crédit Agricole Egypt now offers medics its services without fees and with unique privileges, along with giving them the priority in branches to save their time, in addition to offering all of our digital channels.”

Lotfy added: “We have always been promoting the usage of digital channels to uphold the transformation to cashless society. Nowadays, digital services became a necessity and a general trend for the achievement of safety and health for the community. We pride ourselves in owning a full-fledged platform of digital services, namely ‘banki by Credit Agricole’, to ensure that both retail and corporate clients can conduct their banking transactions remotely with the same efficiency, while seated safely at their homes.”

Crédit Agricole Egypt earlier announced to its clients that it took all necessary measures to support them, in compliance with the decisions of the Central Bank of Egypt, which include the postponement of loans and credit card due payments for a period of six months, as well as promoting digital transactions and raising awareness about the importance and accessibility of digital banking services to mitigate the risk of contracting the virus, out of keenness on the safety and comfort of our clients.”

The bank also canceled fees on ATM withdrawals as well as on transfers in EGP, knowing that the transfer feature is available via the bank’s digital services, including mobile app, online and wallet, thus enabling clients, both retail and corporate, to execute their transfers remotely without the need to visit the bank branches. Furthermore, the bank reinforced its disinfection procedures and placed signs indicating social distancing tips inside branches and at ATMs.