Egyptian investment funds have a sad dramatic story full of challenges and attempts to survive for nearly 30 years. In the second half of 1996, the Egyptian Stock Exchange entered a phase of continuous rise, which encouraged banks to establish new investment funds.
Two funds appeared that invest only in fixed-ieldy bills, treasury bonds, and as a result, 19 of the funds in the market made losses in 2000 and 2001. The funds survived until the stock market improved in 2002, improving performance of these funds by 9% to 30%.