AZ-Gold Fund achieves 30% returns since launch

Updated 6/23/2024 10:15:00 AM
AZ-Gold Fund achieves 30% returns since launch

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.

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