CAE Mutual Fund Number 1

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.

Crédit Agricole Egypt Mutual Fund Number 1 – Performance Snapshot

As of closing: 08 April 2024
Net Asset Value (NAV) – IC Price:	EGP 998.11
2023 – Performance	68.6%
Year to Date Return (%):	14.16%
Since Inception Return (%):	2,142.60%
Divided Distribution Since Inception (EGP):	277.00
Inception Date:	October 1994
PAR Value / Issuance Price:	EGP 100
* Updated weekly (every Sunday) 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 objectives of Crédit Agricole Egypt’ s Mutual Fund Number 1 are:

Capital appreciation
Income

Benefits & Features

Growth and income equity fund
Potential for higher returns compared to other investment products
Possible semi-annual income distribution every year
Low minimum investment amount
Minimized risk through a diversified portfolio invested in the stocks and bonds of the best performing companies in the best performing sectors of the Egyptian economy
Excellent liquidity for investors through weekly redemption of investment certificates (ICs)
No subscription or issuance fees is 1.0 % redemption fee
Minimum subscription is 10 ICs
Minimum balance of IC’s to be kept at any point of time is 10 ICs
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:

Stocks up to a maximum of 90% of the fund’s assets
Corporate bonds up to a maximum of 50%
Short-term near-cash instruments with a 10% minimum is mandatory

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

Free Subscription

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.

Redemption Fee

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.

For the Mutual Fund 1 Prospectus click here