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 the EGX 30?
The EGX 30 tracks the top 30 companies based on criteria set by the Egyptian Stock Exchange including market capitalization and liquidity.
Companies included in the EGX 30 are usually those with strong institutional backing from global investors, sold fundamentals and solid growth plans.
Why is this fund capped?
CIB represents almost 40% of the EGX 30, along with TMGH which represents 18%. This means that the performance of COMI & TMGH will always heavily influence the performance of the EGX30 index.
This is where this fund comes in – it caps the weight per company at 15%. This means that the fund is truly diversified.
Buying and Selling
Buying
Place your buy order before 12 PM and it will be executed the next working day.
Orders placed after 12PM are sent the next working day and and executed the following working day at the new certificate price.
Selling
Place your sell order before 12 PM and it will be executed the next working day.
Sell orders placed after 12PM are sent the next working day and and executed the following working day at the new certificate price.
What are the risks?
CI EGX30 Cap index fund is an equities focused fund which makes it a high risk / high return fund. The stock market is subject to economic and political risk. There are also risks associated with the price of a specific security because of its characteristics. The fund mitigates these risks through diversification in different asset classes and sectors, investing in securities that constitute the EGX 30 and capping the exposure to each security to 15%. The EGX 30 constitutes of the largest and most liquid 30 listed companies as per the FRA and EGX standards. To learn more about other risks, here is a link to the prospectus.
Who is CI Capital Asset Management?
CI Capital Asset Management (“CIAM”) is a subsidiary of CI Capital Holding which is owned by Banque Misr the second largest government-owned bank. CIAM is currently the largest asset manager in Egypt with AUMs double that of its second-largest.
