Table of Contents
Disclaimer: Activities in the Egypt market are conducted through Thndr Securities Brokerage, which is a member firm of the Egyptian Stock Exchange and is authorized and regulated by the Financial Regulatory Authority. Registered in Egypt (no. 804).
What is CI Gold Fund (CGO)?
Gold Misr is an open-ended, Sharia-compliant mutual fund that invests in 24k gold (999.9 purity) and tracks its price movements. The fund gives you exposure to gold without needing to buy or store it yourself, and it is managed in line with international standards.
Investment guidelines
- Gold (80–95% of the fund)
- Sharia-compliant liquidity instruments (5–20% of the fund)
You can read more about the fund’s investment guidelines and limits in the fund prospectus here.
How do I place my order?
- Open the Thndr app and go to “Explore.”
- Search for “CI Gold” or locate “CGO” under the mutual funds theme.
- Tap on the CI Gold Fund.
- Tap on “Buy” and specify the amount you wish to invest – Minimum 10,000 EGP.
Buying & Selling
Buy & sell orders are submitted Monday–Thursday with a cutoff time of 12:00 PM.
Orders submitted before 12:00 PM: Will be sent on the same day and executed on the next business day at that day’s price.
Orders submitted after 12:00 PM: Will be sent on the next business day and executed on the following business day at the new day’s price.
Orders submitted on Thursdays after 12:00 PM: Will be executed on the following Tuesday at Monday’s closing price.
Fees
Standard Thndr transaction fees apply on every buy and sell order.
No subscription fees apply on buy orders.
Redemption fees are amortized over two years from the purchase date:
- Within the first year of purchase: 2%
- Within the second year of purchase: 1%
- After the second year: no redemption fees apply
Can I redeem my certificates for physical gold?
Yes, CI Gold Fund (CGO) allows you to redeem your certificates in the form of physical gold under the following conditions:
- Redemption is done in the form of gold bars in multiples of 50 grams.
- A fee of up to 4% of the gold’s value applies to physical redemption.
If your certificates’ gold value does not meet the required quantity, you can redeem your investment in cash through the app.
For full details, please refer to the fund prospectus here.
Who manages CI Gold Fund (CGO)?
CI Gold Fund (CGO) is managed by CI Capital Asset Management (CIAM), Egypt’s leading asset manager and one of the largest asset managers in the Middle East and North Africa (MENA), with Assets Under Management exceeding EGP 102 billion as of June 2025.
The fund is Sharia-compliant and has its own Sharia Supervisory Committee, approved by the Financial Regulatory Authority (FRA).
What are the risks?
- Underlying asset risks – changes in the price of gold.
- Supply risks – limited access to gold can impact the fund’s ability to operate efficiently.
- Storage risks.
For more details on the fund’s risk factors, view the fund prospectus here.
