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Frequently Asked Questions

can vary depending on the type of mutual fund you invest in, your investment goals, and the market conditions. Here are some key risks associated with mutual funds:
  • Market Risk
  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Concentration Risk
  • Reinvestment Risk
It's important to understand the specific risks associated with the type of mutual fund you are considering and to align your investment choices with your risk tolerance, investment objectives, and time horizon.  

Returns represent the total net profits or losses (in some types of mutual funds) achieved against the invested amount during a specific period. To view the returns for the mutual funds offered by the bank

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of capital market instruments, including equities listed on the stock exchange, treasury bills, treasury bonds, or other securities. Each investor in a mutual fund owns shares of the fund, representing a portion of the overall holdings. These shares are referred to as Investment Certificates, symbolizing the investor’s ownership in the mutual funds. The primary objective of mutual funds is to provide investors with access to a diversified portfolio managed by professional fund managers, reducing risk compared to investing in individual securities. Investors benefit from the collective buying power, professional management, and diversification of the fund, which can be difficult to achieve on their own.

Mutual funds come in various types, each designed to meet different investment objectives and risk profiles. The main types of mutual funds include:
  • Equity Funds (Stock Market)
  • Fixed Income Funds (Medium/Long term Debt Funds)
  • Money Market Funds (Short term Debt Funds)
  • Balanced Funds (Hybrid Funds)
  • Precious Metals Funds (Gold/Silver Funds)
 

EFG Hermes Asset Management is the fund manager for Credit Agricole I, Credit Agricole II equity funds and Credit Agricole III money market fund. With over 25 years of experience in the Egyptian market, the fund manager makes investment decisions on behalf of the investors based on through research and close monitoring of market conditions. EFG Hermes Asset Management is responsible for the performance of the funds under its management, as they handle the investment part of the fund.
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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: 27 March 2025
Net Asset Value (NAV) – IC Price: EGP 1,184.90
2023 – Performance 68.6%
Year to Date Return (%): 8.95%
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.

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













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