CAE Mutual Fund Number 1
An Ideal Way to Invest
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 May 2025 | |
| Net Asset Value (NAV) – IC Price: | EGP 1,191.74 |
| 2023 – Performance | 68.6% |
| Year to Date Return (%): | 9.58% |
| Since Inception Return (%): | 2,142.60% |
| Dividend Distribution Since Inception (EGP): | 277.00 |
| Inception Date: | October 1994 |
| PAR Value / Issuance Price: | EGP 100 |
| * Updated every Sunday and wednesday (during working days) 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. |
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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
Check the latest Crédit Agricole Egypt Mutual Fund Number 1 performance snapshot
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
