Al Thiqa fund, the best performance among balanced funds during 2016 with a yield of 46.98%The EGX’s significant rise contributed to enhancing the performance of balanced funds, which outperformed money market funds and fixed income funds. Ahli United Bank’s Tharwa fund occupied the fifth position with a return of 10.14%, managed by Cairo Funds Management Company. Hermes appeared again in ninth and tenth place with the same ratio increase of Qatar National Bank’s (QNB) Themar and HSBC funds. Sanabel Fund occupied the second position with an increase ratio reaching 59.82% through HC company. Al Baraka Bank-Egypt Fund occupied the third position, which registered a return increase ratio of 58.55% through the management of Hermes.

Source: Daily News Egypt January 18, 2017 08:43 UTC