HC Securities reaches 5 bln Egyptian pounds in AUMs at 2016-end

By Yomna Yasser On May 9, 2017

Egyptian investment bank, HC Securities and Investment reached 5 billion Egyptian pounds ($276 million) in assets under management at the end of 2016, its chairman Hussein Choucri told Amwal Al Ghad on Tuesday.

HC is seeking to increase the volume of its AUMs by the end of the current year by boosting the investments of the existing assets, Choucri said.

HC currently manages 15 mutual funds, including six money market funds, three Islamic funds, three equity funds, and one balanced fund.