{"id":57131,"date":"2020-07-09T14:55:27","date_gmt":"2020-07-09T12:55:27","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=57131"},"modified":"2020-07-09T14:55:27","modified_gmt":"2020-07-09T12:55:27","slug":"egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/","title":{"rendered":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund"},"content":{"rendered":"

Egyptian stocks have attracted the attention of\u00a0Azimut Holding SpA<\/a>, with the $61 billion money manager targeting the North African country\u2019s diaspora through a new equity fund.<\/p>\n

Azimut\u2019s Luxembourg-based fund will initially allocate $50 million between as many as 25 Cairo-traded stocks. Egypt\u2019s 100-million population and the purchasing power of its consumers have the potential to fuel growth for companies as the economy emerges from its coronavirus lockdown, according to Ahmed Abou El Saad, managing director of the Italian firm\u2019s local unit.<\/p>\n

Egypt has already proved an\u00a0investor darling<\/a> in the bond market, he said.\u00a0After a hit to equities this year that was more than five times worse than the average for emerging markets, valuations on Cairo stocks are relatively inexpensive. That may draw investors, including thousands of Egyptians who work abroad and may be keen to increase their exposure to the market.<\/p>\n

Azimut, Italy\u2019s largest independent money manager, opened Azimut Egypt Asset Management last year, following the acquisition of a local investment firm. It has a staff of 25, with 10 of those on the investment team.<\/p>\n

During a telephone interview, he said the Egyptian economy is seen as \u201cvery resilient\u201d post-Covid 19, with Azimut still expecting growth for this year of 3-3.5%. \u201cThat\u2019s because 80% of GDP comes from local consumption, and you have population growth that boosts consumption, by nature.\u201d<\/p>\n

Remittances from Egyptians abroad were close to $30 billion last year, with 70% coming from the Gulf, mostly the United Arab Emirates, Saudi Arabia and Kuwait, Abou El Saad said. \u201cWe want to attract the Egyptian expats that seek to have exposure to the Egyptian equities market.\u201d<\/p>\n

Many markets display a disconnect between climbing stock prices and faltering economic prospects. \u201cThat also happens in Egypt, but the other way around — valuations are far below the financial performance of the companies.\u201d<\/p>\n

He sees major themes for investment as local consumption and population growth. \u201cEgypt is an under-served market in various sectors, such as consumer, education and health.\u201d<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Egyptian stocks have attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager targeting the North African country\u2019s diaspora through a new equity fund. Azimut\u2019s Luxembourg-based fund will initially allocate $50 million between as many as 25 Cairo-traded stocks. Egypt\u2019s 100-million population and the purchasing power of its consumers have the potential to […]<\/p>\n","protected":false},"author":410,"featured_media":57132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6262,984],"tags":[9043,9044],"yoast_head":"\nEgyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-09T12:55:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund\",\"datePublished\":\"2020-07-09T12:55:27+00:00\",\"dateModified\":\"2020-07-09T12:55:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\"},\"wordCount\":338,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg\",\"keywords\":[\"Azimut\",\"Egypt Stocks\"],\"articleSection\":[\"Egypt\",\"news\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\",\"url\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\",\"name\":\"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg\",\"datePublished\":\"2020-07-09T12:55:27+00:00\",\"dateModified\":\"2020-07-09T12:55:27+00:00\",\"description\":\"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.\",\"breadcrumb\":{\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage\",\"url\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg\",\"contentUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg\",\"width\":800,\"height\":450,\"caption\":\"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/csregypt.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/csregypt.com\/#website\",\"url\":\"https:\/\/csregypt.com\/\",\"name\":\"\u0633\u064a \u0625\u0633 \u0622\u0631 \u0645\u0635\u0631\",\"description\":\"The first portal for CSR in Egypt and Middle East\",\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/csregypt.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/csregypt.com\/#organization\",\"name\":\"CSR\",\"url\":\"https:\/\/csregypt.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png\",\"contentUrl\":\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png\",\"width\":1080,\"height\":1080,\"caption\":\"CSR\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/csregypt\/\",\"https:\/\/x.com\/egyptcsrforum\",\"https:\/\/www.instagram.com\/csr.egypt\/\",\"https:\/\/www.linkedin.com\/in\/csr-egypt-43381ab5\/\",\"https:\/\/www.pinterest.com.au\/csregypt\/\",\"https:\/\/www.youtube.com\/channel\/UCh21PZpnBj2yjj2PeclXz1g\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\",\"name\":\"Marwa Zein\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g\",\"caption\":\"Marwa Zein\"},\"sameAs\":[\"http:\/\/marwazein1982@gmail.com\"],\"url\":\"https:\/\/csregypt.com\/en\/author\/marwa-zein\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt","description":"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/","og_locale":"en_US","og_type":"article","og_title":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt","og_description":"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.","og_url":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/","og_site_name":"Csr Egypt","article_publisher":"https:\/\/www.facebook.com\/csregypt\/","article_published_time":"2020-07-09T12:55:27+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","type":"image\/jpeg"}],"author":"Marwa Zein","twitter_card":"summary_large_image","twitter_creator":"@egyptcsrforum","twitter_site":"@egyptcsrforum","twitter_misc":{"Written by":"Marwa Zein","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#article","isPartOf":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/"},"author":{"name":"Marwa Zein","@id":"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec"},"headline":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund","datePublished":"2020-07-09T12:55:27+00:00","dateModified":"2020-07-09T12:55:27+00:00","mainEntityOfPage":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/"},"wordCount":338,"commentCount":0,"publisher":{"@id":"https:\/\/csregypt.com\/#organization"},"image":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","keywords":["Azimut","Egypt Stocks"],"articleSection":["Egypt","news"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/","url":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/","name":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund - Csr Egypt","isPartOf":{"@id":"https:\/\/csregypt.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage"},"image":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","datePublished":"2020-07-09T12:55:27+00:00","dateModified":"2020-07-09T12:55:27+00:00","description":"Egyptian stocks attracted the attention of\u00a0Azimut Holding SpA, with the $61 billion money manager through a new equity fund.","breadcrumb":{"@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#primaryimage","url":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","contentUrl":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","width":800,"height":450,"caption":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund"},{"@type":"BreadcrumbList","@id":"https:\/\/csregypt.com\/en\/egyptian-stocks-lure-azimut-holding-to-establish-egyptian-equity-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/csregypt.com\/"},{"@type":"ListItem","position":2,"name":"Egyptian stocks lure Azimut Holding to establish Egyptian equity fund"}]},{"@type":"WebSite","@id":"https:\/\/csregypt.com\/#website","url":"https:\/\/csregypt.com\/","name":"\u0633\u064a \u0625\u0633 \u0622\u0631 \u0645\u0635\u0631","description":"The first portal for CSR in Egypt and Middle East","publisher":{"@id":"https:\/\/csregypt.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/csregypt.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/csregypt.com\/#organization","name":"CSR","url":"https:\/\/csregypt.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png","contentUrl":"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/05\/logos-7.png","width":1080,"height":1080,"caption":"CSR"},"image":{"@id":"https:\/\/csregypt.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/csregypt\/","https:\/\/x.com\/egyptcsrforum","https:\/\/www.instagram.com\/csr.egypt\/","https:\/\/www.linkedin.com\/in\/csr-egypt-43381ab5\/","https:\/\/www.pinterest.com.au\/csregypt\/","https:\/\/www.youtube.com\/channel\/UCh21PZpnBj2yjj2PeclXz1g"]},{"@type":"Person","@id":"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec","name":"Marwa Zein","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/csregypt.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/383ed3b7c60ec18a972e284b402d1b29?s=96&d=mm&r=g","caption":"Marwa Zein"},"sameAs":["http:\/\/marwazein1982@gmail.com"],"url":"https:\/\/csregypt.com\/en\/author\/marwa-zein\/"}]}},"jetpack_featured_media_url":"https:\/\/csregypt.com\/wp-content\/uploads\/2020\/07\/b74a2c6f86d9887c35e8bf09d2d684f7.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/57131"}],"collection":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/users\/410"}],"replies":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/comments?post=57131"}],"version-history":[{"count":1,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/57131\/revisions"}],"predecessor-version":[{"id":57134,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/posts\/57131\/revisions\/57134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/media\/57132"}],"wp:attachment":[{"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/media?parent=57131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/categories?post=57131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csregypt.com\/en\/wp-json\/wp\/v2\/tags?post=57131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}