Beltone EGX100

Beltone Meya Meya (100/100) EGX100 Index Equity Fund is an open-ended equity fund with a cumulative return structure, operating under the multi-issuance “Tharawat” fund. It aims to replicate the performance of the EGX100 Index, which represents the broadest segment of listed equities in the Egyptian Exchange.

The fund follows an Index Tracking strategy, whereby at least 90% of its net assets are allocated to the constituent stocks of the EGX100 Index, which includes the top 100 companies in terms of liquidity and trading activity. As a result, the fund’s performance reflects the overall movement of the Egyptian stock market, rather than being limited to a specific sector or a narrow group of companies.

Is Beltone Meya Meya Fund safe?

The Beltone Meya Meya Fund is safe from a regulatory and legal standpoint, as it is supervised by the Financial Regulatory Authority (FRA) in Egypt. Its assets are managed by a licensed asset management company, with an independent custodian responsible for safeguarding investors’ assets. This ensures that investments are held within a transparent and regulated framework, with full segregation between the fund’s assets and those of the fund manager.

However, it is important to distinguish between regulatory safety and investment risk.

The fund primarily invests in Egyptian equities (EGX100 Index), which means that the unit value fluctuates in line with market movements. Therefore, the fund does not guarantee fixed returns and may experience short-term volatility, particularly during market downturns.

On the other hand, this type of fund is generally suitable for investors who:

Have a medium to long-term investment horizon

Are willing to tolerate market fluctuations in exchange for potential growth

Seek broad market exposure through a single investment vehicle

Description as published on the distribution platform.