EFG Hermes, an EFG Holding company, partnered with Abu Dhabi Commercial Bank - Egypt (ADCB Egypt) to launch the bank’s first mutual fund. EFG Hermes Asset Management will manage the inaugural money market fund.
The product provides ADCB Egypt clients with a low-risk and highly liquid investment option. The bank will offer the fund through its digital banking platforms to enhance accessibility.
Both institutions plan to expand the partnership by introducing new funds across various asset classes in the future. This launch marks ADCB Egypt’s entry into the Egyptian mutual fund market.