Pharos Fund I advances by 11 positions, ranks15th in EIMA’s performance report

Pharos Fund I “Shares Fund” has advanced 11 positions in the ranking of the Egyptian Investment Management Association (EIMA) to secure the 15th rank.The Fund has also secured the top rank, during the months of August, and September 2018, respectively.

Within that context,Pharos Holding Chief Operating Officer and Chairperson of Asset Management,Angus Blair, said that the company is analysing its strategy and operations in a sustainable manner, in order to guarantee that the correct decisions are taken, and that a strong performance is achieved in all operations, to increase the value of investments to their maximum.

“Pharos Fund I is witnessing a distinguished performance as a result of the efforts made by the new administration appointed to manage the assets,” he added.

For his part, Ahmed El-Ashi, the managing director of Fixed Income at Pharos Asset Management Division, said that the new strategy followed by the administration in investment and direct communication operations,aims to put the Fund first, within the best Funds for local shares.

The team is following a regular and thorough investment approach, in terms of making investment decisions, which has left a clear impact on EIMA’s ranking for the fund, El-Ashi added.

Pharos Asset Management offers an integrated system to manage investment funds and financial portfolios, which are specially designed to meet the needs of clients with financial solvency, as well as the needs of the financial institutions seeking to achieve investment revenues, based on potential risk levels.