What is Beltone Meya Meya (BMM) ?

Beltone Meya Meya is an open-ended Equity fund that invests in stocks within the EGX 100 index. 

It is open for daily subscription and redemption, established by Beltone Asset Management with the approval of the Financial Regulatory Authority (FRA).

You can read more about the fund’s investment guidelines and limits in the fund prospectus here.

What is the EGX 100 Index?

The EGX100 includes the 100 most actively traded local companies. 

It combines the companies in EGX30 and EGX70.

Subscription details

Subscription start date: 31 July 2024

Subscription end date: 3 September 2024 or if all certificates are sold

Number of certificates: 9,800,000 certificates

Certificate price: 1 EGP

Minimum Order: 10 certificates

Please note:

Your order will be pending until it is processed on the subscription end date.

Processed orders can not be cancelled.

 How do I subscribe?

• Launch the Thndr app and click on “Explore” 
• Search for “Beltone Meya Meya” or find “BMM” under the mutual funds theme through your explore tab. 
• Tap on the Beltone Meya Meya Fund  
• Tap on “Buy”
• Set the amount of certificates or amount of money you would like to subscribe with. There is a minimum of 10 certificates for any buy order. 

Buying & Selling

If you place your order before 10AM:

Your order will be sent to Beltone on the same day but executed the next day at the new certificate price.

If you place your order after 10AM:

Your order will be sent to Beltone the next working day and executed the day after at the new certificate price.

Fees:

There are no fund fees. There is however, a service fee of EGP 2 + 0.1% on every buy and sell order as applicable.

You can view transaction fees here.

Who Manages Beltone Meya Meya (BMM) ?

 Beltone Meya Meya (BMM) is managed by Beltone Asset Management, a subsidiary of Beltone Financial.

Beltone Asset Management is a Leading Asset Manager in Egypt with Assets Under Management amounting to EGP29.4 billion as of March 2024.

What are the risks?

Beltone Meya Meya is an equities-focused fund that invests in the EGX100 index. This makes it a high risk/high return fund. 

Some risks associated with equity funds: 

Liquidity Risk: Sometimes, the investment manager might not be able to buy or sell all the shares they want because there isn’t enough money available. This can make it hard to handle large redemptions.

Index Changes: The list of shares in the fund might change. Some shares might be removed and new ones added. The investment manager will sell the shares that are removed and buy the new ones based on market prices.

The stock market is subject to economic and political risks. 

For a detailed overview of risk factors please visit the fund prospectus here.