Estethmar

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Now you can access the local, regional, and global equity markets through a fund that offers capital appreciation with a minimum total fund exposure in each tool.
 
Istethmar is an equity fund launched in April 2006 that aims to create a vehicle allowing investors to invest in local and regional markets through moderate risk investment strategies. The fund provides investors with moderate risk exposure to diversify, across short and medium term local stocks, GDR’s as well as regional stocks.
 
Diversified Portfolio:
The fund invests in a variety of securities, with the majority of investments in equity, and the option to invest a limited amount in fixed income tools.
 
Investment Guidelines:
Asset Allocation​Asset %
Fixed Income​ ExposureUp to 30%​
Single Sector / Foreign ExposureUp to 25%
Single Stock​ ExposureUp to 15%​
Other Investment FundsUp to 10%​
 
Rewarding Returns:
Fund with an initial size of EGP 100m, providing investors capital appreciation through moderate risk investment across short and medium term investments.
 
Subscription and Redemption:
Open-ended funds provide investors the luxury of daily subscription and weekly redemption through more than 160 CIB branches on the first day of every week.
 
Features:
Type​Equity Fund
Structure​Open Ended Mutual Fund​
Inception Date​April - 06​
Initial Size​EGP 100 Million​
Bank Sponsored​CIB​
Fund Manager​CIAM​
Base Currency ​EGP​
Min. Subscription​1 Investment Certificate
Financial Year End​31 December​
Subscription & Redemption​Daily Subscription & Weekly Redempption on first Working day of each week​
Subscription Fee​0.25%​
Redemption Fee​0.00%​
Duration​25 years​

Investment Advantages:
  • Investors can monitor their investment performances through posts on the weekly business pages of the newspaper.
  • The fund is allowed to invest in other similar types of mutual funds​.
  • Diversification through access to regional and global markets.

Furthermore...

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