Amwal Al Ghad English - 2013-05-20 13:49:06
EFG-Hermes (HRHO.CA), the leading investment bank in the Arab world, is named “Best MENA Asset Manager of the Year” with a total of five wins on the 2012 Zawya MENA Funds Ranking Awards, including three first place finishes for Egypt-based funds and one for a Qatari fund.
The recognition underscores the division’s continued ability to innovate and outperform the market despite challenging conditions.
The Al Massy Fund, which has consistently received awards for outperforming its peers, was named “Best Egypt Balanced Fund,” while the EFG Hermes’ Egypt Fund won “Best Egypt Equity Fund.” The Al Baraka Bank Egypt Fund was named “Best Egypt Equity Islamic Fund,” and the Al Waseela Fund was named, for the first time, “Best Qatar Equity Fund of 2012.”
The prestigious awards on the Zawya ranking are a further testament to the proven track record of strong performance and innovation by the Asset Management Division and add to an impressive list of honours already earned for overall performance in 2012.
“Last year was operationally challenging on many fronts but we managed to top the rankings across all categories with our Egypt-based Money Market, Equity, Balanced and Islamic Funds,” said Nabil Moussa, Head of Asset Management in Egypt. “The diversity of our product offering, as well as the expertise of our outstanding team, has been key to our success over the past year.”
In 2012, the division was named “Egypt Asset Manager of the Year” for the second time in three years at the MENA Fund Manager Performance Awards, which also gave recognition to the Crédit Agricole III Fund as “Money Market Fund of the Year” and the Al Massy Fund as “Balanced Fund of the Year.” More»