Stocks vs. Cash: |
The Investment Manager shall allocate a maximum of 95% of the fund’s resources to equity securities, while the remaining 5% would be allocated to risk-free highly marketable securities. Depending on the investment climate and economic conditions, the Investment Manager may decide to allocate lesser funds to stocks and more funds to short-term variable income securities (such as bank deposits, treasury bills, and shares in other funds) and short-term fixed income securities, given that their investment grade is not less than the minimally accepted level of BBB-. |
GDRs: |
The Investment Manager would invest a maximum of 25% of the funds in the GDRs of Egyptian companies listed on international stock exchanges. |
Money market securities: |
Money market investments should not exceed 50% of the total funds. |
Industry allocations: |
Investment allocations to one industry should not exceed 30% of the total funds. |