About Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33)
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) is an investment fund profile on SNDUK. This page explains Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) is managed by سي آي لإدارة الأصول. Fund type: index. Fund code: CSF. Assets under management: 408585133. Minimum investment: وثيقة واحدة. Inception date: 7/6/2024.
Misr Sharia Equity is an open-ended equity investment fund that aims to replicate the performance of the EGX33 Sharia Index by investing in the stocks that constitute the index. The fund allocates at least 90% of its net assets to the index constituents in line with their respective weightings.
To enhance diversification and manage risk, the fund is committed to limiting its investment in any single company's shares to no more than 15% of net assets, while investments in securities issued by a single financial group may not exceed 20%.
In addition, Misr Sharia Equity allocates no more than 10% of its net assets to liquidity in accordance with its approved investment policy. This portion is invested in low-risk instruments such as Treasury bills, current accounts, and deposits with Islamic banks supervised by the Central Bank, in order to meet redemption requests and manage operational requirements.
The fund belongs to the category of Sharia-compliant index funds, where the investment manager's role focuses on replicating the index performance and managing what is known as tracking error, rather than actively selecting stocks with the objective of outperforming the market. As a result, the fund's performance is closely linked to the performance of the companies included in the EGX33 Sharia Index.
Misr Sharia Equity is also committed to maintaining a correlation coefficient of no less than 90% between its returns and those of the target index. Furthermore, the fund applies specific Sharia screening criteria when selecting investments, excluding companies that do not comply with Sharia principles. As a result, the fund represents a specific segment of the Egyptian equity market consisting solely of Sharia-compliant companies rather than the market as a whole.
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) fund details
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) is managed by سي آي لإدارة الأصول. The asset manager oversees portfolio decisions and fund operations for Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33).
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) is classified as a index fund, which shapes its risk profile and investment universe.
Investors can identify Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) in market data using fund code CSF.
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) reports assets under management of 408585133.
The minimum investment amount to participate in Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) is وثيقة واحدة.
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) was launched on 7/6/2024, giving investors a track record to evaluate long-term performance.
Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) performance summary
Return over 1 week: -1.3614%. Return over 1 month: -3.0845%. Return over 3 months: +16.2142%. Return over 6 months: +23.0636%. Return over 1 year: +62.0024%. Return over since inception: +94.045%.
Use this SNDUK fund page to review Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) returns, manager details, and strategy before investing.
SNDUK publishes Misr Shariah Equity Fund – CIAM Islamic Fund (EGX33) data to help investors compare Egyptian investment funds with transparent performance and fund information.
