National Fund Management: AUM Surged to EGP16 billion

Egypt-based National Fund Management Company (Al-Ahly) – NFMC registered total assets under management of 16 billion Egyptian pounds (US$2.2 billion), managing director Essam Khalifa announced on Tuesday.

The leading fund management company in Egypt currently manages 7 mutual funds including various types and objectives; National Bank of Egypt Fund I (cumulative and income fund), National Bank of Egypt Fund II (periodic return), National Bank of Egypt Fund V (lottery and cumulative fund), Egyptian Saudi Finance Bank Fund (Islamic Fund), the Financial Sector Investment Fund (closed fund), National Bank of Egypt Fund IV (money market fund with daily cumulative returns), and a small portfolio of securities for the Industrial Development & Workers Bank of Egypt.