In an interview with “CEO Level”, Azimut Egypt’s CEO Ahmed Abou El Saad revealed that the company is planning on launching three new mutual funds within the next nine months.
Who is affected🤷: Abou El-Saad also revealed the investment nature of one of the upcoming mutual funds as technology-focused, while another would focus on a more traditional sector. You can catch the talk here.
Why is this important🤔: Azimut Egypt launched an Egyptian-equities fund last June, known as “AZ Opportunity”. The fund is a portfolio consisting of 20-30 stocks based on a mixture of research and financial analysis. The AZ Opportunity fund size is currently around EGP 130 million, compared to EGP 66 million at the time subscription for the fund closed in July. AZ Opportunity was oversubscribed by 3.5 times.