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Bank of Alexandria 2 Money Market Fund is a no-load fund denominated in Egyptian pounds and is available for subscriptions at all Bank of Alexandria branches across Egypt on a daily basis. The fund invests in a broad range of Egyptian fixed income securities including treasury bills, treasury bonds, bank deposits, and corporate bonds.
"We're obviously delighted with the performance of the Bank of Alexandria 2 Money Market Fund," said May El Hoshy, Director of Business Development at EFG-Hermes Asset Management.
"It is a challenge to outperform in times like these, but that's exactly why our team is staffed with the best fund managers in the region. Our fund managers leverage experience gained from running a very diverse range of products. By doing so, they help investors in products such as the top-performing Bank of Alexandria 2 Mutual Fund to maximize their odds of seeing their capital grow even in times like these,"
said El Hoshy.
"Actively managing the fund in a volatile market was a great challenge but a thorough analysis of the market and actively trading fixed income securities along with strong teamwork is what made us achieve such a sustainable outperformance of our peers" said Khalil El Bawab, Director of Fixed Income at EFG-Hermes Asset Management.
EFG-Hermes Asset Management has $4bn in assets under management across regional mandates in products including the top-performing EFG-Hermes MEDA Fund and the EFG-Hermes Egypt Fund.
"The integration of a fixed income team into EFG-Hermes Asset Management has been an instrumental factor in our ability to take advantage of the dislocation in credit markets, allowing us to achieve superior risk-adjusted returns," El Hoshy noted, explaining that in the past year, EFG-Hermes Asset Management has expanded to add a capital-protected fund, collaborated on the management of two multi-regional funds, and launched the $150m EFG-Hermes Saudi Arabia Equity Fund.
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Posted by Nadeen El Ajou
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