Investment platform Thndr partners Azimut to launch new offering

EGYPT – Thndr, a fully licensed investment platform, has announced its partnership with fully licensed Azimut Egypt, the local investment art of Azimut Group to establish a new offering, the Egypt-focused fixed income mutual fund AZ-Savings. The new offering will be the first mutual fund on the Thndr app and is an open-ended private placement fund. The fund is for investments that are mostly in near-term fixed income instruments. The investment is considered a low-risk and liquid investment instrument and enables users to invest in the fund daily and redeem…

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Italian fund Manager, Azimut expands into Egypt, allocates US$50m to boost stocks in EGX

Italian fund Manager, Azimut expands into Egypt, allocates US$50m to boost stocks in EGX

EGYPT – Azimut Holding SpA, a US$61billion fund manager based in Luxembourg Italy, has expanded its operation into Egypt with the launch the first equity fund manager specialized in Egypt’s securities. According to a Bloomberg report, Azimut will at the onset of its operations in Egypt allocate $50 million to about 25 stocks traded on the Egyptian Exchange (EGX). The Italian based fund manager first set it eyes on Egypt in 2019 when it acquired a local investment firm. The firm has since boosted its workforce and assigned 10 of…

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