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Istethmar Fund

Istethmar Fund

Now you can access local, regional, and global equity markets through a fund that offers capital appreciation with a minimum total fund exposure in each investment vehicle.

Istethmar Fund is an equity fund, launched in 2006, to allow investors to participate in local and regional markets through moderate-risk investment strategies. The fund provides investors moderate-risk exposure to diversified short- and medium-term local stocks, GDRs, as well as regional stocks.

Diversified Risk

With an initial size of EGP 100 million, Istethmar Fund provides investors capital appreciation through moderate risk investment across short- and medium-term investments.

The fund invests in a variety of securities, the majority equity and a limited, optional amount in fixed-income instruments.

Investment Guidelines

Asset Type Maximum Allocation
Fixed Income Exposure30% of portfolio
International Depositary Certificates30% of portfolio
Foreign Investments25% of portfolio
Single Stock Exposure15% of portfolio
Other Investment Funds10% of portfolio

 

Subscription and Redemption

  • Daily subscriptions: Orders are taken throughout the week except on the last working day of each week.
  • Weekly redemption: Orders are processed on the first working day of each week. 

Features

Fund Type Equity fund
Structure Open-ended mutual fund
Inception Date February 2006
Initial Size EGP 100 million
Bank Sponsored CIB
Fund Manager CI Capital Asset Management
Base Currency EGP
Minimum Subscription 1 investment certificate
Financial Year End December 31
Subscription & Redemption Daily subscriptions except on the last working day and weekly redemption on the first working day
Subscription Fee 0.25%
Redemption Fee None
Duration 25 years

 

Investment Advantages

  • Investors can monitor the performance of their investment on the business pages of their weekly newspaper
  • The fund is allowed to invest in other similar types of mutual funds
  • The fund's access to regional and global markets increases its diversification

 

Furthermore...

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For more information, please call 19666 or visit your nearest CIB branch.

Terms and conditions apply