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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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Giza Governor Visits Crédit Agricole Egypt Supported CSR Initiative in Imbaba El Matar Area

Cairo, Egypt – The Governor of Giza, Dr. Ali Abdel Rahman, inaugurated yesterday the Imbaba El Matar Development project, which is funded by Crédit Agricole Egypt and implemented by Rotary Club Cairo North. The inauguration was attended by members of the Crédit Agricole Egypt CSR Committee along with members of the Rotary Club Cairo North.

The project, which Crédit Agricole Egypt has been committed to for the past two years, is built on the concept of total community services and aims for the severely underdeveloped areas to be used as a model for the development of slum areas throughout the country. As such, the project functions to address three main axes for development which are health care, education and environmental development. Crédit Agricole Egypt has committed EGP 2 million to the project over the past two years out of the belief that the project will have a profound impact on the quality of life of the resident of Imbaba El Matar area.

For his part, Crédit Agricole Egypt’s Chairman and Managing Director, Mr. François-Edouard Drion said:

“Crédit Agricole Egypt embarked on CSR activities out of the belief that it is the role of the bank to give back to those who are most needy within the community. The Imbaba El Matar Development Project was among those projects selected by Crédit Agricole Egypt. We have been involved in the project because it works on three parallel axes, which can have a very positive impact on the quality of life of the residents of the area.”

Thus far, project has provided the area with a medical clinic complete with the latest internal medicine, obstetric and gynecological instruments. It also established an Ophthalmic Clinic and two medical convoys that serve more than 400 patients for free. On the educational front, the project currently has 15 classes operational with more than 175 graduates and more than 50 expected to complete their literacy exam this month. It also completed the renovation of already existing schools in the area. On the environmental front, some 1,500 tons of garbage have been removed and more than 1,000 trees have been planted in the area to improve the quality of life for those residing in the area. Moreover, an area has been secured to establish a cultural and training center for the youth.

“We at Crédit Agricole Egypt believe that it is important to measure our success by our support and involvement with the communities in which we operate. The bank is involved in several CSR projects of which it is very proud,” noted Chairman and Managing Director, Mr. François-Edouard Drion.

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About Crédit Agricole Egypt:

Crédit Agricole Egyptwas established when Crédit Agricole SA, a leading global financial institution operating in more than 50 countries acquiredwith investors the Egyptian American Bank and merged the network with Calyon Bank Egypt in September 2006. Today, Crédit Agricole Egypt’scommitted team of experts offers a wide range of products and services designed to meet the demands of leading national and regional Corporations, SMEs, and retail clients, as well as high net worth customers. In addition to its network of branches conveniently located throughout the country, Crédit Agricole Egypt offers online banking services for easy access and convenient transactions (www.ca-egypt.com) in addition to its call center (19191) available 24 hours, 7 days a week.

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