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Frequently Asked Questions

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.

Mutual funds and Certificates of Deposit (CDs) are two distinct investment options that differ in several key aspects, including structure, risk, returns, diversification and liquidity. below is a comparison:
  1. Investment Type
  • Mutual Funds: Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, treasury bonds, or other securities. The value of your investment fluctuates based on the performance of the underlying assets.
  • CDs: A CD is a fixed-term deposit offered by banks and credit unions. You deposit money for a set period (e.g., 1 year, 3 years, etc.), and the bank pays you a fixed interest rate over that term. The principal is guaranteed, and the interest is usually fixed.
  1. Return and Risk
  • Mutual Funds: These carry market risk because the value of the underlying securities can rise and fall. As a result, returns are variable and depend on the performance of the assets within the fund. Equity mutual funds tend to have higher potential returns, but with greater risk, whereas bond funds offer more stable, albeit lower, returns.
  • CDs: Generally considered low risk because your principal and interest are guaranteed by the issuing bank. However, CDs face interest rate risk- if interest rates rise during the CD term, your fixed rate become less attractive. The return is fixed and predictable, but it is typically lower than the potential mutual fund earnings, especially in a low-interest-rate environment.
  1. Liquidity
  • Mutual Funds: Generally liquid, allowing investors to buy or sell shares daily. Some funds may offer weekly liquidity for entry and exit.
  • CDs: Funds are locked in until the maturity date. Early withdrawals may result in penalties, such as losing some of the accrued interest, and withdrawals are usually not allowed within the first six months.
  1. Diversification
  • Mutual Funds: Provide built-in diversification since the fund invests in a variety of securities, helping to spread risk across multiple assets.
  • CDs: offer no diversification, as the investment is concentrated in a single, fixed-income product.

Redemption orders can be signed at any of the bank’s branches across Egypt. Redemption frequency varies depending on the fund. Some funds offer daily redemption, while others provide weekly redemption. However, in all cases, orders must be submitted before 12:00 pm on any applicable day.

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.

All mutual funds announce the Investment Certificate price on a weekly basis, allowing investors to track their performance. Additionally, the fund manager publishes quarterly fact sheets that provide insights into the fund’s performance.
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Your plan for your Children’s Wedding

Your plan for your Children's Wedding from Allianz

We seek to share your responsibilities using our extensive experience

Joy of your children is your happiness and the moment of your children’s marriage is the joy of your life. You are doing your best to see their happiness on their wedding day that is why you need to plan for this unique occasion.

Did you Plan…

To provide your children with their needs for this special occasion, and what will be the expenses needed?

Subscribe to achieve your goals…

When you Subscribe, we will be able to provide you with the insurance you deserve and saving to secure your children’s marriage expenses

  • The program will help you plan your child’s dream marriage
  • The program will provide you with Life insurance coverage as well as the support for your children’s wedding expenses at the maturity date of a policy issued by Allianz Life Assurance Company Egypt.
  • This program is designed to suit all your needs and resources with very flexible conditions.
  • The program provides all marriage expenses needed in case of death of policy holder.
  • Exemption from installments is provided in case of death or total disability of the insured person.

Whatever your future plans are, start by choosing an international insurance partner.

Please keep in mind the age limits mentioned below to apply for an insurance coverage:

For Life insurance, Minimum age at entry for a policy holder is 21 years old and maximum age is 60 years old.

Note: All insurance products offered are introduced by Allianz Life Assurance Company – Egypt and under their full responsibility.

Allianz Life Assurance Company, Egyptian Joint Stock Company under the law number 10 year 1981 and its amendments for the supervision and control on Insurance in Egypt.

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