Azimut Group has announced the launch of Egypt's first equity UCITS fund, the Azimut Egypt Asset Management (Azimut Egypt), in a move designed to 'offer new access for Egyptian expats and investors in the GCC and Europe.' Wholly-owned by Azimut Group, a Luxembourg-based asset manager, Azimut Egypt expects the fund to benefit from the blend of the country's consistent GDP growth, which is driving corporate earnings, and its economic reform programme, expected to boost private sector partici...
