Istithmar Fund - Commercial International Bank (CIB)

Istithmar Fund CIB aims to achieve long-term capital growth by primarily investing in equities listed on the Egyptian Exchange, while maintaining an appropriate level of diversification and risk management. The fund is considered one of the oldest open-ended investment funds in the Egyptian market, having been established in 2006.

The fund falls under the category of cumulative return equity funds, meaning that generated profits are reinvested within the fund to increase the value of the investment certificate over the long term instead of distributing periodic cash dividends.

Istithmar Fund follows an active investment strategy focused on capturing opportunities in Egyptian equities with strong fundamentals and future growth potential. The fund adopts a flexible investment policy that allows allocating between 60% and 95% of total assets to equities, while also maintaining part of the portfolio in fixed income and money market instruments to manage liquidity and reduce volatility.

The fund also applies clear concentration limits, where investment in a single stock cannot exceed 15% of total assets, while exposure to a single sector is capped at 40% of the fund’s total assets.

Subscription fees for the fund are 0.25% of the transaction value, while no redemption fees are applied. CIB Istithmar Fund also follows a daily subscription and weekly redemption basis.

Description as published on the distribution platform.