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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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Board Committees

Audit Committee

Crédit Agricole Egypt’s Audit committee ensures the strict adherence to the banking laws, governance and Group regulations. In addition, it ensures the respect of the bank’s internal policies and procedures. The Committee’s mandate is to ensure a high level of clarity, transparency and reliability of all financial statements.  The Committee maintains a close relationship with the bank’s auditors internal and external, audit, compliance, risk and financial matters.
The Audit Committee presents recommendations to the Board of Directors for approval.

Risk Committee

As per the Bank’s Governance Regulations, the objective of the Risk Committee is to assist the Board of Directors in fulfilling its oversight responsibilities in respect to business risk and the relevant control processes, the profile risk. This committee is also mandated for risk management, reviewing risk policies and presenting recommendations to the Board.

Governance, Nomination & Remuneration Committee

The purpose of the Governance nomination and remuneration committee is to assist the Board in matters relating to its composition, structure, policies and processes. It also supports the Board to meet all relevant legal and regulatory requirements and to achieve global corporate governance best practice standards. The committee is also mandated to facilitate the Board and management’s objective of increasing the long- term value of the Bank. The committee assists in actions of and determination of remuneration for Senior Management and Board Members.