1. EPMG will not invest more than 20% of the Net Asset Value of the portfolio in securities which are not listed on the Egyptian stock exchanges or other regulated stock exchange. 2. EPMG will not invest more than 20% of the portfolio in any one stock. 3. EPMG will not invest more than 30% of the portfolio in any one economic sector. 4. Generally speaking, EPMG invests in Egyptian Securities. However, given window opportunities, EPMG will be allowed to invest up to 25% of the portfolio in US$ denominated Country / Regional / Global funds. 5. EPMG will not buy or sell commodities, futures or options contracts. 6. EPMG will not deal short or on margin except after getting the client's written approval. 7. The portfolio will be kept with a Custodian Bank. EPMG will be allowed to deal with the portfolio on a Delivery versus payment (DVP) basis. It is imperative to emphasize that every client drafts for EPMG his own guidelines. The client has the right in interfere in any decision made by the firm, but he doesn't do so because that way he would be managing his own money, and there would be no need for a fund manager like EFG-Hermes. Risk FactorsInvesting in the Company involves certain considerations in...
