HC Securities: AUMs rose to 4 billion Egyptian pounds in Q3

Egypt-based investment bank, HC Securities and Investment’s total assets under management have reached around 4 billion Egyptian pounds ($259.3 million) by the end of third quarter of this year.

Mohamed El Nabarawy, Chief Investment Officer at HC, further told Amwal Al Ghad on Monday that the bank had recently been mandated to run National Bank of Abu Dhabi (NBAD)’s capital protection oriented fund, with 100 million pounds in capital.

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, El Nabarawy said.

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.