Why Egypt?
- High level of International Reserves
Why Now?
- Market has rebounded from major low after crash, still far from 2008 high
- Current market P/E around 9, far from 2008 high of 24.39
- Retracing 50% of the distance to high means a capital appreciation of more than 60%.
- We think this achievable in three years given that a major crash already occurred.
- While investing in the stock market investment should be a part of a diversified portfolio
- Possible hedge against inflation or interest rate decrease
What is it?
Open ended growth fund: Investment in a wide variety of Egyptian listed stocks.
Nominal value of each unit is EGP 100, minimum initial subscription is 5 units, sold at 100.5
Name: BLOM Bank Egypt fund
BLOM Bank Egypt will invest EGP 5 million of its money in the fund.
Customers can borrow up to 50% of the NAV of the units at prime rate standards commission
Sponsor and Placement Agent: BLOM Bank Egypt.
Manager: Prime Investments – Asset Management.-www.primegroup.org
Net Asset Value will be determined every week along with a
subscription price and a redemption price.
Dividend distribution on a semi-annual basis.
Units will be placed in custody with BLOM Bank Egypt, the cost of which is borne by the Fund.
Other costs incorporated in the Fund.
Please see term sheet for more details- prospectus ( attached).
HOW TO SUBSCRIBE?
Contact our call center at 19232
Or Visit your nearest BLOM BANK EGYPT BRANCH ( Link)
Why A Fund?
ABLE to diversify risk by investing in a basket of securities.
MANAGED on a daily basic by competent professionals
- Take advantage of timing opportunities.
- Aware of market news and shatter.
- Aware of companies and sectors falling in/out of favor
Why Prime?
Consistent five-year returns around 25% annually for 3 funds running since 5 years or more (as of 30/4/2009) Newest funds, Al Tameer was launched June 8, 2008 and has a return since inception of -9.86% versus EG x 30’s of – 53.25
|
