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 CSR Committee and Employees Initiative to Distribute Ramadan Bags

Cairo, Egypt – As part of its endeavors to helping out the less fortunate during the month of Ramadan, Crédit Agricole Egypt’s CSR Committee launched a joint initiative with the bank’s employees to distribute 1,750 Ramadan bags to families in the most areas that are most impacted in Egypt. .

Since the Crédit Agricole Egypt’s CSR Committee understands that the current economic situation has increased the suffering and financial burdens of many Egyptian families, its goal was to amplify this initiatives through support from the employees both by asking them to donate money and their effort to making the project a success.

Crédit Agricole Egypt’s Chairman and Managing Director, Mr. François-Edouard Drion at the bank said:
“As part of the effort to support the donations of the staff, the Bank announced that it will triple every pound donated by the staff, in order to reach the largest possible number of poor families and assemble the largest possible number of food bags for the month of Ramadan.”

Drion also added:
“Crédit Agricole Egypt first started distributing Ramadan Bags among the areas where it already has CSR initiatives that target the neediest families in the community. The first to benefit from this initiative are the beneficiaries of the CAE community development project in Imbaba El Matar. Also benefiting are families of children in the single-room schools sponsored by Crédit Agricole Egypt in Menya and Assiut because it’s important that we include the distant cities in Upper Egypt in our support.”

The distribution list also included other areas in Greater Cairo such as al Maasara, Giza, and Alexandria. Crédit Agricole Egypt’s employees were always present for the distribution of the bags based on a scheduled to ensure that food was available to the recipients throughout Ramadan.

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