Last week, mutual funds underperformed the PAMI, inching up 1.40 percent versus the PAMI's advance of 5.05 percent. All local funds made week-on-week gains. AMEX First Fund led the week’s gainers with a 2.57 percent gain, followed by Cairo Bank Fund’s advance of 2.55 percent. AMEX Second Fund finished at the bottom of the list, appreciating only 0.18 percent.
Mutual funds outperformed the PAMI in terms of YTD performance, as it inched up 0.22 percent while the PAMI declined 1.22 percent. Misr Exterior Bank topped local fund performance with a 1.60 percent
YTD gain. Meanwhile, Suez Canal Bank Fund realized the lowest performance with a 1.20 percent decline in its YTD net asset value.
© 2001 Mena Report (www.menareport.com)
