NBE Fund of Funds

NBE Seventh Fund is an open-ended investment fund of the "fund of funds" type, established by the National Bank of Egypt in 2009 .. Its core concept is simple yet distinctive instead of investing directly in stocks or bonds, Al Ahly NBE Seventh invests in units of the best Egyptian open-ended investment funds denominated in local currency, giving investors double diversification in a single transaction.

The fund's portfolio is allocated across two main categories: equity funds, balanced funds, and index funds with a maximum of 95% of net assets, and money market funds, debt instruments, and fixed income funds with a maximum of 100% of net assets. The fund manager determines the optimal allocation between these two categories based on his market outlook and prevailing economic conditions.

The fund is primarily accumulative .. and also distributes a semi-annual periodic return to unit holders at a ratio ranging between 30% and a maximum of 90% of the fund's actual profits, at the fund manager's discretion.

Al Ahly Seventh also offers the opportunity to borrow against the value of units in accordance with the approved policies of the National Bank of Egypt. The fund is classified within the medium risk category, given its reliance on a balanced mix of investments between equity funds and money market funds.

Description as published on the distribution platform.