Featured teaser: After a period of political and economic chaos, Egypt’s funds industry is looking forward to happier times, writes Celine Salloum of Zawya. Story page head: Egypt’s fund managers look for continued growth in H2-2012 By Celine Salloum of Zawya With a civilization dating back more than 5,000 years, Egypt is one of the oldest tourist destinations on earth. For the past couple of years, however, the country has been struggling to remodel its politics and economy. This has had its effect on several financial sectors, including the equity market and the funds sector. According to the Zawya Funds Monitor , Egypt had 68 domiciled funds at the end of 2010, with USD 9.50 billion in assets under management. With the stock market growing 15% in 2010, there were clear indicators this upward trend would continue, thus increasing the net asset value and the inflow of capital into the Egyptian mutual funds industry. This is clearly shown through the increase
