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Asset Management

Mutual Funds

The Concord Group was the first international firm to obtain a license in Egypt to establish a branch to manage mutual funds in 1994. Concord International Investments, L.P. has managed four domestic funds and ten international funds, of which one was admitted to trading on the London Stock Exchange, five were listed on the Channel Islands Stock Exchange, one was listed on the Luxembourg Stock Exchange and one was listed on the Dublin Stock Exchange. These funds are exclusively invested in Egyptian securities including listed securities, private equity and real estate. 

Concord International Investments, L.P. was the first firm to establish a closed-ended country fund, The Egypt Investment Company Limited, and an open-ended country fund, The Egyptian Growth Investment Company Limited. The Concord Egypt Fund is the first and only UCITS (Undertaking for Collective Investments in Transferable Securities) invested in Egyptian securities.

The Concord Egypt Fund Euro shares, Egyptian Growth Investment Company Limited and Nile Growth Company were all rated five stars by Morningstar over varying periods. In addition, in 2008 and several times since October 2004, the Egypt Investment Company was ranked as one of the top ten performing funds in the world over a 12 month period out of a universe of over 7,000 funds by Standard & Poor’s (as published in the International Herald Tribune).

In February 2007, the board of directors of the Luxembourg listed Nile Growth Fund appointed Concord International Investments as managers on the recommendation of Alliance Bernstein, New York, the sponsor and investment manager of the fund. This fund which was launched in 1996 was one of the top performing Egypt country funds.

In November 2011, the Concord Group established Concord Tulip Investments Limited ("Tulip"). Tulip is currently the largest Turkey-focused mutual fund. awarded, "Concord International Investments Group: Best Asset Manager Egypt", in 2015, 2016 and 2017.

Past performance is not necessarily indicative of future results.

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