​The fund, managed by EFG Hermes Asset Management, is the top-performing money market fund in Egypt for the last three years and is the leading money market fund year-to-date The Bank of Alexandria 2 Money Market Fund closed the first six months of the year up 9.05%, making it the best-performing money market fund in Egypt year-to-date, 2 years-to-date, and 3 years-to-date. Managed by the fixed income division of EFG Hermes Asset Management, the fund is up 9.51% (annual, net of fees and taxes) since its inception, ranking it ahead of all other money market funds tracked by the Egyptian Investment Management Association (EIMA). Bank of Alexandria 2 Money Market Fund is a no-load fund denominated in Egyptian pounds and is available for subscriptions on a daily basis at all Bank of Alexandria branches across Egypt. The fund invests in a broad range of Egyptian fixed income securities including treasury bills, treasury bonds, bank deposits, and corporate bonds. “We’re obviously delighted with the performance of the Bank of Alexandria 2 Money Market Fund,” said May El Hoshy, Director of Business Development at EFG Hermes Asset Management. “It is a challenge to outperform in times like these, but that’s exactly why our team is staffed with the best fund managers in the region. Our fund managers leverage experience gained from running a very diverse range of products. By doing so, they help investors in products such as the top-performing Bank of Alexandria 2 Mutual Fund to maximize their odds of seeing their capital grow even in times like these.” EFG Hermes Asset Management has USD 4 billion in assets under management across regional mandates in products including the top-performing EFG Hermes MEDA Fund and the EFG Hermes Egypt Fund.