Beltone Asset Management Secures Initial FRA Approval to Launch Egypt’s First Silver Investment Fund
Beltone Asset Management announced that it has obtained initial approval from the Financial Regulatory Authority (FRA) to launch “Fidda” – Beltone Evolve Silver Fund with a daily cumulative return, marking the first specialized silver investment fund in Egypt and introducing a new asset class to the local market.
The fund offers both individual and institutional investors access to silver at competitive pricing through a professionally managed investment structure. It aims to enhance portfolio diversification while serving as an effective hedge against market volatility, particularly over the medium to long term.
The launch of “Fidda” reflects Beltone’s commitment to innovation and the development of advanced financial instruments that expand investment opportunities and address evolving investor needs, ultimately supporting the growth and efficiency of Egypt’s capital market.
Subscription to the fund is expected to open following the Eid al-Fitr holiday, with further details on execution and investment mechanisms to be announced soon. Terms and conditions apply.
Investors will be able to subscribe through Beltone Securities Brokerage.