How can we help you ?

PRESS ENTER TO START THE SEARCH

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.
Access all questions

Crédit Agricole Egypt continues 'Ramadan Bags Initiative' for 3rd year in a row

Crédit Agricole Egypt continues ‘Ramadan Bags Initiative’ for 3rd year in a row

It raised the motto “Share Crédit… Share for charity” in its headquarters ‘Unity’.
A new success story made by the bank’s staff in association with the bank’s customers.
8,300 bags in cooperation with Misr El Kheir Foundation for areas within the Bank’s CSR Program.
François-Edouard Drion: We appreciate the hard work of CAE staff, and we thank them for their voluntary efforts.
Cairo, July 12th, 2015 – As part of its endeavors to encourage voluntary and social participation during the Muslim holy month of Ramadan, Crédit Agricole Egypt launched ‘Ramadan Bags Initiative’ in association with Misr El Kheir Foundation, which is one of the Bank’s CSR partners, for the third year in a row under this year’s motto “Share Crédit… Share for charity”.

The Bank has provided 8,300 bags via donations from its employees and customers for distribution throughout various geographic areas, exceeding the program’s objective to hand out 4,000 bags.

For his part, Mr. François-Edouard Drion, Managing Director and CEO of Crédit Agricole Egypt, said:”CAE’s performance has always been distinguished by ongoing development and continued endeavor from its staff to adopt new and innovative ideas to make us closer to our customers. Motivated by this concept, the CSR Committee launched this year an initiative calling on CAE’s customers to take part in this creative initiative, donating 4,500 bags.”

Mr. Drion added:”The Ramadan Bags Initiative has become an annual tradition reflecting the Bank’s concern – administration and employees – to do the best to serve our community through numerous CSR activities and programs adopted by CAE. In this regard, we have been keen on promoting the motto ‘Share Crédit… Share for charity’ in our new headquarters ‘Unity’ in a bid to urge our employees to participate in render the less fortunate people a smile on their faces during the month of Ramadan.”

It’s noteworthy that the employees have eagerly participated in the initiative, in its third year, as CAE announced it would donate two bags per each bag contributed by the staff.

Moreover, the employees take part in handing out the bags according to the distribution plan, laid out by the CSR Committee, covering poor villages in Assiut, Sohag, Minya and Beni Sueif, in addition to Ezbet El Matar in Imbaba, as well as other poor districts in Alexandria, Old Cairo and Houtiya area in Dokki.

In the same vein, Mr. François-Edouard Drion has announced an iftar banquet attended by more than 1,000 of CAE’s employees, marking staff efforts to maintain the Bank’s prestigious position in the Egyptian banking sector, and in appreciation of their positive participation and voluntary endeavors for the community’s development and progress.

This site is registered on wpml.org as a development site.