Arab Finance: Egypt’s AZ-Gold Fund has achieved 30% returns since its launch in May 2023, CEO of Azimut Egypt Ahmed Abou El Saad told Asharq Business.
The fund was launched by Evolve Azimut, a joint venture (JV) between Evolve Investment Holding and Azimut Egypt.
In January, Beltone Asset Management, a wholly owned subsidiary of Beltone Financial Holding, and Evolve Investment Holding launched Beltone Evolve Gold Sabayek.
It was previously reported that Al Ahly Financial Investments Management (AFIM) plans to launch a new gold investment fund by June 24th after obtaining the Financial Regulatory Authority’s (FRA) approval.