​Originally launched with a cap of LE100m, the fund has been oversubscribed to the amount of LE152,835,800, taking advantage of EFG Hermes’ regional expertise in Fund management, along with the Principal Bank for Development and Agricultural Credit’s high level of distribution throughout Egypt. 'Needless to say, we are ecstatic over the results we have achieved thus far,' says Abdel Moneim Omran, Vice President in EFG Hermes Asset Management. 'It is a privilege for us to manage this Fund, which has been able to expand the reach of the stock market into previously untapped areas'. 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.