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 Exposure | 30% of portfolio |
| International Depositary Certificates | 30% of portfolio |
| Foreign Investments | 25% of portfolio |
| Single Stock Exposure | 15% of portfolio |
| Other Investment Funds | 10% 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...
For more information, please call 19666 or visit your nearest CIB branch.
Terms and conditions apply
