Table of Contents
What are Beltone Sectoral Funds?
Beltone Sectoral Funds are open-ended mutual funds. Each fund focuses on a specific sector of the Egyptian economy— real estate, financial services, industrial companies and consumer goods.
These funds are launched by Beltone Asset Management and approved by the Financial Regulatory Authority (FRA).
There are 4 Beltone Sectoral funds that follow the EGX sector classification here.
Main investment guidelines
Equity (Stocks): Minimum 90% of the fund.
Per Stock Exposure: Maximum 15% of the fund can be invested in a single stock.
Cash, Cash Equivalent, Money Market Funds: Maximum 10% of the fund.
*For the full investment guidelines, visit each fund’s prospectus below.
What sector funds are available?
Beltone has 4 sector-focused funds:
Beltone Real Estate Sectorial Fund (BRE)
Invests in EGX-listed real estate developers, contractors, and construction firms.
Beltone Financial Sectorial Fund (BFI)
Covers banks, insurance firms, and other financial service companies.
Beltone Industrial Sectorial Fund (BIN)
Focuses on industrial companies including manufacturing, construction materials, and capital goods.
Beltone Consumer Sectorial Fund (BCO)
Targets consumer-facing companies like food producers, retailers, and household goods.
How do I subscribe?
You can subscribe through the Thndr app:
- Open the Thndr app
- Tap Explore
- Search for the fund name (e.g. “Beltone Real Estate”)
- Tap on the fund
- Press Buy and set your order amount
- Minimum buy: 11 certificates
Buying & selling
If you place your order before 10 AM:
Your order is sent the same day and executed the next day at the updated certificate price.
If you place your order after 10 AM:
Your order is sent the next business day and executed the day after that.
Fees
There are no fund fees. However, standard transaction fees apply on every buy and sell order.
Who manages these funds?
Sectoral funds are managed by Beltone Asset Management, a leading asset manager in Egypt with over EGP 29.4 billion in Assets Under Management as of March 2024.
What are the risks?
These are sector-focused equity funds, Here are some of the risks to consider:
Market Risk: If the sector performs poorly, the fund value can drop.
Liquidity Risk: There might be times when it’s harder to buy or sell shares.
Sector Volatility: Economic or political events may impact specific sectors differently.
There are also risks associated with investing in limited securities because of the fund investment guidelines.
*For a detailed overview of risk factors please visit each fund’s individual prospectus above.
