Structure
Open-Ended Egyptian Mutual Fund.
Objective
Capital appreciation & periodic income distribution.
Investment Strategy
The fund seeks to mitigate sharp fluctuations in Net Asset Value (NAV), making it suitable for investors with low volatility tolerance. The fund will invest principally in equity and the equity related securities of companies listed on the Egyptian Stock Exchange.
Bank Sponsored
Bank of Alexandria & its different branches
Investment Manager
Hermes Fund Management (HFM)
Dividends
The fund will distribute semi-annually (in January & July), its net investment income from interest and dividends as well as capital gains.
Minimum Subscription
10 Investment Certificates
Financial Year End
31 December
Subscription & Redemption
Weekly, on the first working day of each week.