EFG-HERMES MIDDLE EAST LIFTS SUSPENSION OF TRADING
The EFG-Hermes Middle East and Developing Africa Investment Fund – Suspension Lifted
The EFG Hermes MEDA Investment was suspended after the January 27th valuation date. This suspension was due to the closure in the Egyptian Stock Market as a result of political unrest in Egypt. The Egyptian Exchange reopened on March 23rd. Following the reopening of the Egyptian Exchange the suspension of the Fund was lifted. The Fund’s NAV has dropped in 2011 due to the political unrest in the Middle East and North Africa which is the investment universe for the Fund.
Apex Fund Services (Dubai) Ltd