HC Securities launches NBAD’s Egypt capital protection oriented fund

Egyptian investment bank, HC Securities and Investment has launched Tuesday a capital protection oriented fund.

This is the first capital protection oriented fund HC runs in favour of National Bank of Abu Dhabi (NBAD), becoming a new addition to HC’s investment products, Omar Radwan – HC’s head of asset management – said.

The fund is the second NBAD has commissioned the fund management to HC Securities & Investment and has launched in the Egyptian market.

The main objective of the new fund is to protect the investments made by both Egyptian and foreign corporate and individuals, through focused investments in money market investments.

HC currently manages 15 mutual funds worth 4 billion Egyptian pounds, including six money market funds, three Islamic funds, three equity funds, and one balanced fund.