View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
February 8, 2016updated 04 Apr 2017 1:30pm

EFG Hermes unveils two new UCITS compliant funds

EFG Hermes, an investment bank in the Middle East and North Africa region, has unveiled its first UCITS funds for European investors.

By Verdict Staff

EFG Hermes, an investment bank in the Middle East and North Africa region, has unveiled its first UCITS funds for European investors.

The UCITS versions of the EFG Hermes MENA Equity Fund and the EFG Hermes Frontier Equity Fund will be managed from EFG Hermes’ headquarters in Dubai and will be domiciled in Ireland.

The EFG Hermes MENA Equity fund is a UCITS mirror of the firm’s flagship MEDA fund.

The Frontier Equity Fund will invest across all frontier markets but is focused on opportunities South and East Asia, Sub-Saharan Africa and the Middle East.

The frontier fund will be benchmark agnostic and consist of 15-25 holdings of high conviction investment ideas.

EFG Hermes Amr Seif, head of asset management at, said: "This is our first entry into frontier markets and also offers a vehicle to accommodate a large pool of European assets. We will use our rigorous investment process used in MENA markets in the extended frontier universe."

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International