The Clap
After bringing in 15.3 times what it set out to bring in, a second tranche of certificates for the Azimut Gold fund could be launched, as per statements from Sameh El Torgoman, Chairman of Azimut’s fund partner “Evolve Holding”.
What
The AZG fund targeted EGP 10 million in subscriptions but received EGP 153 million. This does not mean, however, that investors will get less certificates than what they subscribed for.
So What
Gold is seen as a safe-haven investment in times of economic uncertainty, & the high demand for this fund reflects that.
Now What
El Torgoman expects the second tranche to launch sometime after Q3-2023.
