​EFG Hermes has partnered with the Principal Bank for Development and Agricultural Credit to expand its reach and target a wider audience in Egypt through the Al Massy Fund. The Fund launched with an initial value of LE100 hundred million, taking advantage of the Bank’s high level of distribution throughout Egypt. The Al Massy Fund, an open-investment Fund, aims to maximize returns and reduce risk through a policy of investment diversification and fixed income. It is a balanced Fund – 40% equity and 60% fixed income – with a minimum subscription of five Investment Certificates (IC) at an initial cost of LE100 per IC.