Banque Misr targets to launch two investment funds each with capital of EGP 100 million by next year, sources told Amwal Al Ghad.
The first investment fund will invest in fixed income instruments such as treasury bills and bonds and deposits, while the second investment fund will invest in securities. The bank has not determined yet the companies that will manage these funds, sources added.
Banque Misr has eight investment funds which are: Banque Misr Fund I -First Issue (periodic return fund) managed by Misr Financial Investments, Banque Misr Fund II -Second Issue (growth fund) managed by Misr Financial Investments, Banque Misr Fund III -Third Issue managed by HC Securities & Investment, Banque Misr Fund IV “in accordance with provisions of Islamic Sharia Law” managed by HC Securities & Investment, Banque Misr Money Market Fund (Youm b Youm – Euro) managed by Beltone Financial, Banque Misr Money Market Fund (Youm b Youm – Dollar) managed by Beltone Financial, Banque Misr Money Market Fund (Youm b Youm – EGP) managed by Beltone Financial and Banque Misr Capital Guaranteed Fund (Sandouk El Omr) managed by Cairo Capital Group.
