Misr Asset Management in talks to run fixed income, capital guarantee funds

Egypt’s Misr Asset Management (MAM), the investment bank arm of Misr Insurance Holding, is negotiating to win the management of two new mutual funds for Misr Life Insurance and Misr Insurance Company.

One of the funds is a fixed income; while the other is a capital guarantee fund, said MAM management director Atef El Mahmoudy on Thursday.

Misr Asset Management’s assets under management (AUMs) rose 4 percent to reach 496.2 million Egyptian pounds ($27.4 million) during the first half of current financial year 2016/2017.