It’s never a bad time to buy gold, but when inflation has been up by 27%* in a year, it’s a better time for gold.If you’ve been looking for a simple, secure, and effective method to diversify your portfolio with this timeless asset, look no further. Introducing Beltone Sabayek, it isn’t just another gold fund—it’s managed by the experts at Beltone Asset Management, one of Egypt’s leading asset managers with a stellar track record. With over EGP 27 billion in assets under their management, you can trust that your investments are in good hands.
So, why should you consider Beltone Sabayek? Let’s break down how it works and what makes it stand out.
What Does the Fund Invest In?
Beltone Sabayek has a straightforward investment strategy:
- 80% of the fund: Physical gold bars with a purity of 99.9% or higher. The gold bars are stamped by Assay & Weights Administration and are produced by a refinery that is certified by Responsible Jewelry Council or London Bullion Market Association
- Up to 20%: Liquid fixed-income assets like cash, bank certificates of deposit (CDs), and treasury bills, ensuring liquidity and flexibility for investors.
Why should I invest in Beltone Sabayek?
- Convenient Way to Buy Gold: Invest in gold with a tap of a button on Thndr without dealing with the physical hassle.
- It’s safe and secure: The mutual fund is regulated by the Egyptian Financial Regulatory Authority. The fund is fully backed by physical gold stored in state-of-the-art vaults at EGY Cash a subsidiary of the Central Bank of Egypt as well is insured against any loss or damage
- Buy a fraction of gold: With BSB you don’t have to invest in a full bar of gold; if you want to start small, the fund allows you to buy a certificate, which is equivalent to buying a fraction of gold.
- Guaranteed Liquidity: Buy or sell certificates with ease whenever you want.
- Managed by Beltone: One of Egypt’s top asset managers, Beltone is behind the wheel, so you know your money is in expert hands.
Potential Drawbacks You Should Be Aware Of
Of course, no investment is without its risks. Here are a few things to keep in mind:
- Price volatility: Its prices can be highly volatile, experiencing significant fluctuations over short periods of time. While gold is often seen as a safe-haven asset during times of economic uncertainty or geopolitical instability, it is important to note that gold prices can also exhibit volatility even in stable market conditions. This means that even when things are relatively stable, gold prices can still experience sharp declines or sudden drops, potentially resulting in substantial gains or losses for investors.
- Embedded Fees within the cost of the fund: These fees can make it challenging for the fund’s price to mirror gold’s movements exactly.
How Does it compare to AZG
- Lower Fees for Short Term Investors: Compared to the AZG fund, Beltone Sabayek offers more cost efficiency for short term investment, seeing that you have to wait 4 years before selling our certificates in AZG with no added fees.
- No Physical Redemption: Unlike AZG, Beltone Sabayek doesn’t allow you to exchange your certificates for physical gold.
Buying and Selling: Here’s What to Know
You can buy or sell certificates daily, orders placed before 9:00 AM on working days are processed on the same day. Any orders submitted after 9:00 AM will be executed the next working day
The minimum investment requirement is 10 certificates, while you can sell as few as one certificate whenever you choose.
How to Invest in BSB on Thndr
Investing is simple. Open the Thndr app and search for “Beltone Sabayek” under the ‘Mutual Funds’ theme. A few taps are all it takes to get started. The app ensures a seamless experience for both first time and seasoned investors, making gold investment accessible and straightforward.
Other Gold Funds on Thndr
If you’re exploring gold investments, check out AZG, another gold fund on Thndr that is managed by Azimut Asset Management . While both funds aim to provide exposure to gold, they have different features: AZG allows physical gold redemption, while Beltone Sabayek offers lower fees for short term investing.
More About Beltone Asset Management
Beltone Asset Management is one of Egypt’s leading asset managers, bringing their expertise to this fund. With a track record of managing over EGP 27 billion in assets, Beltone ensures that investments are handled with efficiency and a focus on minimizing costs, making your gold investment journey as smooth as possible.