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Funds

Egyptian Gulf Fund

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Fund Name :
Egyptian Gulf Fund
Investment Manager :
Hermes Fund Management (HFM)
Initial Fund Size :
EGP 100 million
Inception Date :
May-97
Type :
Equity Fund
Places of purchase :
EGBANK branches
Subscription & Redemption Fee :
None
Custodian :
EGBANK
Structure :
Open-ended Egyptian mutual fund.
Objective :
Capital appreciation and income distribution
Base Currency :
EGP

Dividends

The fund distributes semi-annually (January & July), its net investment income from interest, dividends and capital gains.

Investment Strategy

The fund invests principally in equity and the equity related securities of companies listed on the Egyptian stock exchange. The fund seeks to mitigate sharp fluctuations in Net Asset Value (NAV), making it suitable for investors with low volatility tolerance.

Minimum Subscription

0 Investment Certificates with no minimum thereafter

Subscription & Redemption

Weekly, on the first working day of each week

Terms and Conditions apply