The fund is a 3 years capital protected fund that will give a minimum of 60% participation in the CASE or MSCI Egypt index. It is the first fund in Egypt that protects the capital and guarantees a participation rate on the upside. The fund is ideal for those who intend to keep their investment in the market for the 3 years. Typically during the life of the fund, the participation is less, therefore, investors should be willing to stay the whole term. The subscription for the fund will start after 15 days and will be open for a minimum of 2 weeks and a max of 2 months. The fund is closed for subscription after the subscription period but is open for redemption on weekly basis after the first 6 months.
EFG Hermes Holding is funding awareness campaigns aimed at educating the Egyptian populace about the importance of achieving the MDG’s announced at the United Nations Millennium Summit in 2000, which are to eradicate extreme poverty and hunger; achieve universal primary education; promote gender equality and empower women; reduce child mortality; improve maternal health; combat HIV/Malaria and other diseases; ensure environmental sustainability; and develop a global partnership for development. Among other sponsors of the initiative are Vodafone and Mansour Group.
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