Arab publication AMEInfo.​com writes "​EFG Hermes launches its fifth money market fund", which says, "EFG Hermes, the Arab world'​s leading investment bank, announced that it has successfully closed the initial subscription period for its newest money market fund, the Arab Investment Bank Money Market Fund." It quotes Khalil El Bawab, Director of Fixed Income at EFG Hermes Asset Management, "We are delighted to announce the close of our fifth Money Market Fund. EFG Hermes' management of the fund served as a strong selling point for clients searching for a safe and liquid investment in these challenging times. The successful launch solidifies our position in the market as the new fund joins the roaster of top performing money market funds managed by EFG and marks the beginning of our cooperation with AIB as they launch their first mutual fund." The piece adds, "EFG Hermes Asset Management currently manages five money market funds in Egypt, with Credit Agricole, Bank of Alexandria, National Societe Generale, Bank Audi, and Arab Investment Bank as sponsoring banks. After garnering the top two positions in the performance ranking of money market funds in Egypt during 2009, the firm'​s funds remained as 2010'​s best performing funds to date with Credit Agricole Money Market Fund and the Bank of Alexandria Money Market Fund as the first and second top performers respectively."

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