CIB Equity Fund “Estithmar” under the management of CI Capital Asset Management won 4 new prestigious Lipper Fund awards by Refinitiv – formerly the Financial and Risk business of Thomson Reuters. Lipper Fund awards, which have recognised funds and fund management, firms for their consistently strong risk-adjusted three-, five-, and 10-year performance relative to their peers, recognised CIB Equity Fund “Estithmar” under CI Capital Asset Management as
“The Best Equity Fund for its 3 and 5 Years Cumulative Performance in the MENA Region – 2019”,
and also “The Best Equity Fund for its 3 and 5 Years Cumulative Performance in Egypt – 2019”
Amr Abol Enein, managing director and head of CI Capital Asset Management, commented: “This highly regarded award and regional recognition of “Estithmar Fund” reflects continuous success and outperformance relative to its peers in Egypt and MENA markets, paying tribute to outstanding fund performance and posting the highest cumulative returns in both absolute and risk-adjusted bases over the past 3 and 5 years’ horizons and are a continuation of the prestigious awards won by the fund by local and international organisations.”
