d first choose the company that it will invest in, then look at the entire field, then entire country.Types of Funds:EFG-Hermes invests in different types of funds. The major types of funds are :1)Open ended vs Closed Ended : All the funds are open ended except the Delta Mutual Fund which is closed ended. The closed ended one has no redemptions nor subscriptions.2)Islamic Fund : These are funds in which no investments are made in any alcoholic products, cigarettes, hotels, or any 'borrowing' transactions. The two Islamic funds are Al Rajhy and Faisal.3)Local vs Offshore : The local funds are those invested in companies listed in Egypt, while the offshore is for countries listed outside Egypt.4)Growth vs Income : The growth funds are the investments in companies which don't distribute dividends and keep the money as Retained Earnings, while the income funds are those in companies that distribute dividends. Most funds are income funds, while the Cairo fund is growth.5)High risk vs low risk : These are investments in companies with either high or low risk. High risk companies generally offer high return, while low risk offer low return.The mutual funds division in EFG-Hermes operates through four subsidiaries: Egyptian Fund Management Group (EFMG); Hermes Fund Management (HFM); Hermes Financial Management (Egypt); and EFG-Hermes (UK) Limited. The four entities combined manage a family of eleven mutual funds. These include six local mutual funds as well as five offshore funds, three of which are listed on the Irish Stock Exchange. Five of the local funds are open-ended and the sixth is a closed-ended vehicle listed on the Cairo Stock Exchange.The fund management division has recently established EFG-Hermes UK, which will facilitate the management of country, and regional offshore Middle Eastern Funds.The Mutual Fund group's goal in managing equity, fixed income and balanced accounts is to produce superior returns while minimizing volatility...
